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164 Heath Rd 503 sq ft Retail Property Twickenham TW1 4BN £330,000 (£656.06/sq ft) 6.97% Net Initial Yield
Investment Highlights
- To be sold with a new long lease
- Highly desirable location
- Let until February 2027
Executive Summary
This retail commercial premises is located on a prominent corner on a busy parade with double frontage on Heath Road and Lion Road.
The property is let to Michael Webster (t/a Websters Estate Agents) at £23,000 p.a. until 28/02/2027 with a fixed rent increase to £24,000 in March 2024.
The property is let to Michael Webster (t/a Websters Estate Agents) at £23,000 p.a. until 28/02/2027 with a fixed rent increase to £24,000 in March 2024.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
503 sq ft
Costar Property Class
B
Year Built
1905
Price
£330,000
Price per sq ft
£656.06
Yield
6.97%
NOI
£23,000
Tenancy
Single
Number of Floors
3
Floor To Floor Height
10 ft
Plot ratio
0.38
Total Plot Size
0.03 ac
Frontage
Amenities
- Bus Route
- Signage
- Storage Space
- Air Conditioning
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Nearby Major Retailers
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164 Heath Rd
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