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Pasmore House 10-12 The Causeway 1,664 sq ft Retail Property Teddington TW11 0HE £550,000 (£330.53/sq ft) 7.26% Net Initial Yield
Investment Highlights
- Offers in the region of £550,000 for the freehold interest.
- Ground Floor – Let to Nolte Kitchens UK Limited for a term expiring on 14th October 2031 at a rent of £38,000 per annum with no breaks.
- Upper Floors – 7 long leasehold flats providing total ground rents of £1,950 per annum.
Executive Summary
The property comprises a ground floor showroom unit together with 7 residential apartments each sold on long leases for a term of 150 years from April 2015.
Ground Floor – Let to Nolte Kitchens UK Limited for a term expiring on 14th October 2031 at a rent of £38,000 per annum with no breaks.
Upper Floors – 7 long leasehold flats providing total ground rents of £1,950 per annum.
Ground Floor – Let to Nolte Kitchens UK Limited for a term expiring on 14th October 2031 at a rent of £38,000 per annum with no breaks.
Upper Floors – 7 long leasehold flats providing total ground rents of £1,950 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,664 sq ft
Costar Property Class
B
Year Built/Renovated
1925/2016
Price
£550,000
Price per sq ft
£330.53
Yield
7.26%
NOI
£39,950
Tenancy
Single
Number of Floors
4
Parking
8 Spaces (4.8 Spaces per 1,000 sq ft Leased)
Frontage
39 ft on The Causeway
Amenities
- EPC - C
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Nearby Major Retailers
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Pasmore House | 10-12 The Causeway
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