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Freehold retail investment for sale in Twickenham

58-60 Richmond Road Twickenham TW1 3BE
For sale
£850,000 Offers In Excess Of
michael-rogers
This property is marketed by:
Michael Rogers

Description

The premises offers a self-contained retail unit, with a large double shop frontage and a basement.

The premises was extensively refurbished by the existing tenant. There is potential subject to the existing tenant and planning to create a rear and basement 2-bedroom split level flat which has been constructed on other units on the parade.

We are advised that the property has use class E, therefore having the benefit of several commercial uses.

Size

Ground floor 1,832 sq ft. Basement 575 sq ft.

Total 2,407 sq ft

Tenancy

The unit is let to Bellababy Limited on an extended effective full repairing and insuring lease for 12 years from 10th April 2017 at £50,000 per annum exclusive subject to an upward only rent review in April 2022 (Outstanding) and April 2027. There is a deposit of £25,000.

Tenure

The building is held on a long lease of 999 years from 29th September 2003 at a peppercorn rent.

VAT

The property is elected for VAT.

Energy Performance Certificate

B41

Rates

The unit has a rateable value of £32,500 which gives rate payable of £16,217.50.

Interested parties are advised to make your own enquiries with the Valuation Office Agency.


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