• Freehold mixed use investment
• 5 Flats all let on ASTs (1 x studio, 2 x 1 beds, 2 x 2 beds)
• Commercial unit on ground floor.
• Income for the flats £70,740 per annum and £15,000 per annum for the commercial.
• TOTAL income £85,740 per annum.
The property comprises a ground floor well established café, currently let and trading as Sapori TW1 Italian Deli and Coffee Shop.The residential ground, first and second floors are accessed from a separate entrance on Laurel Avenue and comprise 1 x studio, 2 x 1 beds, 2 x 2 beds.The apartments are presented in good decorative order with modern kitchens and bathrooms and good quality flooring throughout.
The property is situated on the north side of Heath Road, on the junction with Laurel Avenue. Twickenham is an affluent South West London suburb on the banks of the River Thames. Heath Road is one of the main arterial routes in and out of Twickenham leading out to the A316 and M3 motorway.There is a Tesco Express in close proximity as well as a number of cafes and restaurants and Twickenham town centre provides a range of multiple retailers and representation from major banks. Twickenham railway station provides services direct to London Waterloo with a journey time of approximately 30 minutes.
Please see the particulars for details of floor areas.
The 2017 Rateable Value for the retail unit is:£12,750
For confirmation of rates payable, please contact the business rates department of the London Borough of Richmond upon Thames.
We are seeking offers in the region of £1,650,000 for the freehold interest representing a net initial yield of 4.91% after allowing for purchasers costs of 5.8%.
Freehold subject to the occupational tenancies.