Twickenham – Virtual Freehold Restaurant Investment
- Property Type:
- Prime location in the affluent suburban town of Twickenham.
- Prominently situated opposite Twickenham Railway Station.
- Excellent transport links to Central London and London Airports.
- Property comprises a well-configured ground floor restaurant unit, totalling 3,147 sq ft.
- Let to MW Restaurants Limited with a further 22.5 years to expiry.
- Passing rent of £94,000 per annum, equating to £29.87 per sq ft.
- 5 yearly RPI rent reviews compounded (2%-5% collar and cap per annum).
- No breaks.
- Virtual Freehold : 999 year lease.
- We are seeking offers in excess of £1,365,000 subject to contract and exclusive of VAT. This shows a net initial yield of 6.5% after allowing for purchaser’s cost of 6.03%.