342 Richmond Rd | Twickenham TW1 2DU
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342 Richmond Rd
Twickenham TW1 2DU
Retail Property For Sale
Investment Highlights
- Attractive period retail parade close to Richmond Bridge
- Good level of footfall
- Newly opened Lidl in close proximity
- Constructed of solid brick walls
Executive Summary
Offers are invited in the region of £785,000.
The commercial unit is let to Richmond Mencap Limited who renewed their lease for a term of 10 years from April 2019. The passing rent is £22,500 pa and is subject to 5 yearly upward only rent reviews.
Residential Assured Shorthold tenancies Flat A rent is £1,300 per calendar month. Flat B rent is £1,400 per calendar month. Total income is therefore £54,900 per annum.
The commercial unit is let to Richmond Mencap Limited who renewed their lease for a term of 10 years from April 2019. The passing rent is £22,500 pa and is subject to 5 yearly upward only rent reviews.
Residential Assured Shorthold tenancies Flat A rent is £1,300 per calendar month. Flat B rent is £1,400 per calendar month. Total income is therefore £54,900 per annum.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
499 SF
Building Class
B
Year Built
1960
Price
$983,561
Price Per SF
$1,971
Cap Rate
6.99%
NOI
$68,787
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
0.47
Lot Size
0.02 AC
Frontage
32 FT on Richmond Rd
Amenities
- Energy Performance Rating - D
- Energy Performance Rating - E
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