Mixed Use and Development Property For Sale in Twickenham, TW1

This property is marketed by:
Willmotts Chartered Surveyors

Key Features

• A MIXED USE BUILDING OFFERING:
• INCOME PRODUCING £135,350 PER ANNUM
• PRIOR APPROVAL FOR 3 NEW FLATS ( 2X2B & 1X1B) - GDV £1,140,000
• Ground Floor - LET FOR 15 YEARS AT £115,000 PER ANNUM
• FREEHOLD GROUND RENT
• EXCELLENT TRANSPORT LINKS
• CLOSE PROXIMITY TO TWICKENHAM STATION
• CAR PARK AREA TO REAR

Location

Twickenham is a suburban district in London. It is situated on the River Thames 9.9 miles southwest of Charing Cross. It is part of the London Borough of Richmond upon Thames since 1965, and the borough council's administrative headquarters are located in the area.

Description

Floor area: 12,937 sq. ft. (1,202 sq. m.)

A mixed-use building arranged over ground and two upper floors.

The property comprises 14 x one-bedroom apartments, of which 13 have been sold. A further one bedroom flat is retained by the freeholder, currently let on an AST and producing £18,000 per annum.

The airspace benefits from consent to develop three new flats (2 x two bedroom and 1 x one-bedroom), each with private terraces and parking.

The ground-floor retail unit is let on a 15-year lease with no breaks and is fitted out as a high-end convenience store. This unit also benefits from the use of part of the rear carpark for deliveries and parking.

Planning

L B Richmond have provided prior approval permitted development rights under Part 20 of the GPDO. The reference for this application is 24/0555/GPH03. Further details are available on request or via https://www.richmond.gov.uk.