Available
London TW12 – Cafe & 4 New-Build Residential Dwellings
118A,B,F,G High Street, Hampton Hill, London TW12 1NTFreehold Retail & New-Build Residential Investment
Price
£1,900,000
Rent P.A.
£38,000
Yield
ERV: £128,000
Tenure
Freehold
Lease Term
25 Years
Years Left on Lease
21y 6m
Area
3,400 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- ERV: £128,000 p.a. GIY: 6.74%
- Comprises double fronted retail premises at ground floor t/a Café, 1 x 2-bed apartment at first floor, 2 x 1-bed apartments at second floor and 1 x 2-bed detached bungalow at rear
- Includes additional 1-bed apartment at first floor, which has been sold-off on long leasehold
- All residential dwellings new-build in 2024/2025
- Retail premises benefits from seating area at front
- Located within ½ mile from Fulwell Train Station, which provides direct services to London Waterloo
- Nearby occupiers include Tesco Express, Little Waitrose, Costa Coffee, Sainsbury`s and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Three-storey building comprising double fronted retail premises at ground floor t/a Café, 4 newly developed residential apartments at first and second floor (1 sold-off) and new-build detached bungalow at rear (121 Hampton Road), providing the following accommodation and dimensions:
Ground Floor Retail: 125 sq m (1,340 sq ft)
Open plan seating, kitchen, storage, wc
First Floor Apartment 118A: 51 sq m (552 sq ft)
2 bedrooms, kitchen/living room, bathroom
Second Floor Apartment 118F: 46 sq m (495 sq ft)
1 bedroom, kitchen/living room, bathroom
Second Floor Apartment 118G: 44 sq m (475 sq ft)
1 bedroom, kitchen/living room, bathroom
Ground Floor Bungalow 121 Hampton Rd: 50 sq m (539 sq ft)
2 bedrooms, kitchen/living room, bathroom, private garden
First Floor Apartment 118B: Sold-off
Total Commercial GIA: 125 sq m (1,340 sq ft)
Total Residential GIA: 191 sq m (2,061 sq ft)
Ground Floor Retail: 125 sq m (1,340 sq ft)
Open plan seating, kitchen, storage, wc
First Floor Apartment 118A: 51 sq m (552 sq ft)
2 bedrooms, kitchen/living room, bathroom
Second Floor Apartment 118F: 46 sq m (495 sq ft)
1 bedroom, kitchen/living room, bathroom
Second Floor Apartment 118G: 44 sq m (475 sq ft)
1 bedroom, kitchen/living room, bathroom
Ground Floor Bungalow 121 Hampton Rd: 50 sq m (539 sq ft)
2 bedrooms, kitchen/living room, bathroom, private garden
First Floor Apartment 118B: Sold-off
Total Commercial GIA: 125 sq m (1,340 sq ft)
Total Residential GIA: 191 sq m (2,061 sq ft)
Tenancy Description
The retail premises are at present let to Family and Friends Co Ltd for a term of 25 years from 29th September 2021 at a current rent of £38,000 p.a. and the lease contains full repairing and insuring covenants. Rent reviews every 5th year linked to RPI. Tenant option to determine every 5th year with minimum 6 months notice. Deposit held of £9,500.
Apartment 118A High Street is at present vacant. ERV: £22,800 p.a.
Apartment 118F High Street is at present vacant. ERV: £20,400 p.a.
Apartment 118G High Street is at present vacant. ERV: £20,400 p.a.
Bungalow 121 Hampton Road is at present vacant. ERV: £26,400 p.a.
Apartment 118B High Street has been sold off on long leasehold for a term of 189 Years from 29th September 2004 at a ground rent of peppercorn.
Apartment 118A High Street is at present vacant. ERV: £22,800 p.a.
Apartment 118F High Street is at present vacant. ERV: £20,400 p.a.
Apartment 118G High Street is at present vacant. ERV: £20,400 p.a.
Bungalow 121 Hampton Road is at present vacant. ERV: £26,400 p.a.
Apartment 118B High Street has been sold off on long leasehold for a term of 189 Years from 29th September 2004 at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Hampton Hill is a district in the London Borough of Richmond upon Thames to the south of Twickenham. It is served by Fulwell railway station and Hampton railway station on the Shepperton to Waterloo line. It is part of what is collectively known as The Hamptons. The property is located within ½ mile from Fulwell Rail Station. Aside from the residential areas of the town, the High Street is filled with shops, restaurants, several cafes, a few public houses and a traditional 75-year-old bakery. The High Street also stages a yearly parade before Christmas when the street is closed and a procession takes place. The property is located next to the junction between High Street and Hampton Road. Occupiers close by include Tesco Express, Costa Coffee and Sneller`s Estate Agents, amongst many more.
