Commercial / residential building for sale in Twickenham

This property is marketed by:
Michael Rogers

Key Features

Freehold Commercial / Residential Building For Sale 

28 Crown Road is located on close to the A316 which gives excellent access to central London and the motorway network.  St Margaret’s main line station is nearby together with a variety of shops and restaurants.  The building comprises of a commercial unit on ground floor together with a two bedroom residential flat at lower ground floor and a further flat, arranged over first and second floors.

Investment Summary  

Located in the highly affluent London Borough of Richmond upon Thames 

Located close to St Margarets train station 

Ground floor retail unit, leased from 31st July 2018 at £23,100 per annum exclusive

 Two newly refurbished flats let on assured shorthold tenancies producing £51,600 per annum

Location

The property is located on Crown Road which links Richmond Rd to St Margaret’s Rd. St Margaret’s Road crosses Chertsey Road (A316) giving excellent access to central London and the motorway network. The building is situated within proximity from St Margaret’s main line station in the heart of St Margaret’s Village and close to a variety of attractive shops and restaurants. 

Description  

The property has a commercial use over ground floor and benefits from a garage, storage, WC and kitchen. There is also a forecourt to the front. The unit is let to a convenience home/hardware company.  The flat on first and second floors is in excellent condition and is accessed via the self-contained entrance at the front of the building on the ground floor. The flat benefits from two bedrooms, two reception rooms, kitchen and bathroom   The flat on the lower ground floor is in excellent condition and is accessed at the rear of the building and benefits from a rear garden. There are two bedrooms, large entrance area, reception room, study, storage area, kitchen and bathroom. 

Commercial Lease.

 The ground floor is let to Cutters Limited on an existing effective full repairing and insuring lease for 18 years to expire 31st July 2033 and is subject to three yearly upward only rent reviews and tenant break options. There is a personal guarantor to the lease. A copy of the lease is available.  

Tenancy income  

The flats are let on annual assured shorthold tenancy agreements.