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Freehold commercial and residential investment for sale in Twickenham

342 Richmond Road East, Twickenham, TW1 2DU
For sale
POA
martin-campbell
This property is marketed by:
Martin Campbell

Description

The subject property forms part of an attractive nineteenth century parade of retail premises.The three storey building is constructed out of solid brick walls. It comprises a commercial unit at ground floor and two one-bed flats on the first and second floors. At the rear of the building is a small yard with gate to the service passage that is accessed off Alexandra Road.

Location

The property is located in the affluent urban village of East Twickenham in the London Borough of Richmond upon Thames. East Twickenham is approximately 8 miles south west of Central London and benefits from excellent road and rail transport communications. East Twickenham is effectively an extension of Richmond town centre and this close proximity to Richmond renders it a very popular residential location which in turn benefits the many thriving businesses situated on Richmond Road, including Lidl with its 55 parking spaces.

Summary

The commercial premises are let to Richmond Mencap Ltd who renewed their lease for a term of 10 years from April 2019. The rent review has been settled at £22,500 pa. Flat A is let to an individual on an assured shorthold tenancy.

The agreed rent is £1,300 per calendar month. Flat B is let to a couple on an assured shorthold tenancy.

The agreed rent is £1,400 per calendar month.

Total rent = £54,900 pa

Estimated Rental Value = £60,000 pa

Amenities

  • Freehold commercial & Residential investment
  • Attractive period retail parade
  • Lidl in close proximity
  • Ground fl let to Mencap on 10 year lease - 2029
  • Uppers comprise two self contained flats (Let)
  • Close to Richmond Bridge

 


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