Available
London TW1 – Retail Shop
154 Heath Road, Twickenham, London TW1 4BNLong Leasehold Retail Investment
Price
£256,000
Rent P.A.
£18,000
Yield
7.03%
Tenure
Leasehold
Lease Term
10 Years
Years Left on Lease
8y 11m
Area
377 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor retail shop t/a bubble tea shop
- Occupiers close by include Tesco Express, Medivet, Barbers, Café, Restaurants and many more.
Key Features
Tenure
Leasehold
VAT
VAT is not applicable.
Property Description
Comprises ground floor mid-terrace shop, providing the following accommodation and dimensions:
Ground Floor: 35 sq m (377 sq ft)
Open plan retail, kitchenette, WC
Ground Floor: 35 sq m (377 sq ft)
Open plan retail, kitchenette, WC
Tenancy Description
The property is at present let to Individual for a term of 10 years from 8th November 2023 at a current rent of £18,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 08.11.28 linked to RPI. Tenant option to determine on 08.11.28 with min 6 months notice. Deposit held of £4,500. Lease within Landlord & Tenant Act 1954.
Tenure:
Long Leasehold. Held on a 125 Year lease from 25th December 2003 at a ground rent of £400 p.a.. Reversion 2128.
Tenure:
Long Leasehold. Held on a 125 Year lease from 25th December 2003 at a ground rent of £400 p.a.. Reversion 2128.
Tenancies & Accommodation
Location Description
The property is situated on the North side of Heath Road, within short walk to Twickenham Train Station. Occupiers close by include Tesco Express, Medivet, Barbers, Café, Restaurants, Pure Gym and many more.