FREEHOLD INVESTMENT WITH ASSET MANAGEMENT POTENTIAL
- Ground & Basement Restaurant & Residential Above - Total income of £45,650pa
The property comprises a double fronted retail premises on the ground and basement floors, currently used as a restaurant / bar. This benefits from rear access for loading and parking for 2 cars. The upper parts comprise 4 x 1 bedroom and 3 x 2 bedroom flats with separate access from the front of the property. One of the flats (82C) is being offered as part of the freehold with the remaining 6 having been sold on long leases.
EPC Rating: TBC
The property is situated on the north side of The Green, directly overlooking Twickenham Green. The property is approximately half a mile to the north of Strawberry Hill railway station which provides regular services to London Waterloo. The property is close to a number of independent restaurants and retailers along with multi national occupiers such as Ask Italian and Sainsbury’s Local.
The property has the following approximate floor areas:
|Floor||Area (sq ft / sq m)
|Ground Floor||2,133 sq ft / 198.23 sq m
|Basement||708 sq ft / 65.80 sq m
|TOTAL (NIA)||2,841 sq ft / 264.03 sq m
|Flat 82c (GIA)||482 sq ft / 44.80 sq m
2017 Rateable Value: £49,750
Offers are invited at £900,000 for the freehold interest.
COMMERCIAL RENT REVIEW
There is an outstanding rent review effective 1st January 2017 for the commercial lease. Our client has been advised that the market rental value as at that date is in the region of £43,000 per annum. Purchasers will have to rely on their own enquiries in relation to this value.
Freehold subject to the occupational
tenancies of 82C and the Ground and Basement floors.