Exchanged

Hanworth – Mixed Use Commercial / Residential Building Occupying A Large Site In West London

Rex House, 25-43 Hampton Road West, Hanworth, London, TW13 6AP

Offers in excess of £3,500,000

Property Types:
Commercial, Mixed, Residential
Sub Types:
Office, Retail
Tenure:
Freehold
Net Initial Yield:
7.44%

Income

£277,465 pa

Description

  • Mixed use commercial / residential building in popular West London suburb
  • Comprising 5 retail units and car forecourt on the ground floor and 32 residential units above
  • Residential element includes 11 flats let on ASTs and 21 held on long leasehold basis
  • Low existing site cover of 36%, with potential to extend / develop subject to consent
  • Producing a total income of £277,465 per annum
  • 70% of the commercial income is let to Very Low Risk or Low Risk tenant covenants
  • Average unexpired lease term of 4.84 years until lease expiry on the commercial element
  • Heads of Terms have been agreed for a new 15 year lease (breaks in 5 & 10) with Subway demonstrating sustainable rental levels
  • Residential is fully let
  • Site offering excellent long term redevelopment opportunity subject to consent