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Twickenham – Virtual Freehold Restaurant Investment

Property Type:
Commercial

Income

£94,000 pa

Description

  • 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%.