A Ground Floor Commercial Unit Let Producing £21,000 Per Annum with Potential Reversionary Value
57 Church Street, Twickenham, Middlesex, TW1 3NR
Description
A Ground Floor Commercial Unit Let Producing £21,000 Per Annum with Potential Reversionary Value The property comprises a ground floor commercial unit situated within a mid terrace building arranged over ground and first floors. Tenure: Leasehold. The property is held on a lease expiring 28th September 2114. (88 Years Remaining). Peppercorn Ground Rent Location: The property is situated on a pedestrianised road close to local shops and amenities. The open spaces of York House Gardens are within easy reach. Transport links are provided by Richmond underground station (District line) and Strawberry Hill rail station. Accommodation: Ground Floor Commercial Unit - 53.8 Sq M (579 Sq Ft) Tenancy: The property is subject to a lease for a term of 5 years commencing 4th July 2024 at a rent of £19,000 per annum. Tenant break clause due July 2026 and the seller has advised the rent will increase to £20,000 per annum in July 2026 and to £21,000 per annum in July 2027. The seller will be topping up the rent. Note: VAT is not applicable There may be potential for change of use (subject to obtaining all relevant consents).
Site plan
Financial Tools
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