Freehold retail investment for sale in Twickenham

This property is marketed by:
Michael Rogers

Description

Freehold Retail Investment For Sale

The retail unit is situated in a parade of shops in East Twickenham within the conservation area. The parade comprises of boutique shops, restaurants, cafes and supporting professional services. The unit is a short distance from St Margaret’s and Richmond stations which provide frequent services to London Waterloo. There is easy access to the M3 and M4 motorways.

The ground floor self-contained unit has been comprehensively refurbished to provide a high-class male grooming salon. The unit benefits from a broad glazed display window, pendant lights, plastered and brick walls.

Type

Retail

Tenure

The building is available on a new long lease with a ground rent of £150 per annum exclusive

Price

£350,000 Offers are invited exclusive of VAT

Rates

The property is currently being revalued for rating purposes

Size

354 sq ft / 32.89 sq m

Specification

• Unit let to James Patrick O’Brian on an FR&I lease for 10 years from 06/09/2023
• Rent £24,000 per annum exclusive
• Subject to an upward only rent review on 06/09/2028 with tenant only break option
• Guarantor to the lease
• EPC rating B48