38 London Road, Twickenham
- SIZE
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- SECTOR
Mixed use property for sale
Key features
- Freehold Mixed Use Investment
- Ground Floor and Basement Restaurant with Residential Upper Parts
- Fully Let - Producing £44,200 per annum
- ERV - £55,000 per annum
- Asset Management Potential
- Development/Conversion Potential (stp)
- Guide Price Reflects 6.8% Gross Yield
- ERV Reflects 8.5% Gross Yield
Description
Arranged across basement, ground and two upper floors, the property comprises a retail unit/restaurant to the basement and ground floors, whilst the upper parts comprise a single three bedroom maisonette accessed from London Road.
The property is fully let on two separate tenancies, with the ground floor and basement let to a private individual trading as Somjuk Thai Cafe on a lease expiring 24/03/2030 and producing £19,000 per annum. The upper parts are let on an AST to a private individual producing £25,200 per annum (£2,100 pcm).
The property provides immediate asset management potential via the outstanding rent review for the retail space, with comparable evidence suggesting the rental value may be in the order of £25,000 per annum. The residential maisonette also represents a possibility to increase the rent, with comparable evidence suggesting the rental value is in the order of £30,000 per annum (£2,500 pcm).
The property may also offer potential to convert the upper parts to provide two units (subject to the existing leases and any requisite consents).
London Road is one of the principal arterial routes and retail streets in Twickenham, linking the train station with the prime pedestrianised Church Street and the banks of the Thames, which is popular with tourists and locals alike.
38 London Road, Twickenham
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Twickenham Station0.2 miles
- St. Margarets Station0.6 miles
- Strawberry Hill Station0.8 miles
Notes
Disclaimer - Property reference 5C367CCD-4F18-42E6-8EA1-3E1174AA9D36. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Savills, Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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