Summary
| Property Type | Retail |
| Tenure | For Sale |
| Size | 906 to 1,825 sq ft |
| Price | Offers in the region of £790,000 for two income producing units (@£375,000 each). |
| Estate Charge | Upon request |
| EPC Rating | This property has been graded as B (44) |
- Reversionary rents (likely in excess of 7.89% NRY in 2029)
- Passing rent: £52,500 per annum
- ERV of £65,000 per annum
- Price of £790,000 for long leasehold with share of freehold
- Term certain in excess of 5 years
- Return frontage
- Both leases contracted outside the LTA 1954
About
The investment comprises two self-contained ground floor retail units which form part of a larger residential building with separate access. Both of the units are let to the owners of Yogahub (a yoga studio business) on leases expiring on 20 April 2032. Unit 50 benefits from a return frontage. The units also benefit from the use of the pavement in front of the units (which forms part of the demised title).
Accommodation
| Name | sq ft | sq m | Availability |
| Unit - 48 | 919 | 85.38 | Let |
| Unit - 50 | 906 | 84.17 | Let |
| Total | 1,825 | 169.55 |
Location
The property is located in the highly affluent neighbourhood of East Sheen and is situated on the east side of Sheen Lane close to its junction with St Leonards Road. The property benefits from being adjacent to the East Sheen Community Centre and car park. Nearby occupiers include Mathnasium as well as the major retailers on Upper Richmond Road West (the South Circular)
Mainline Stations
-
Mortlake3 mins
-
Barnes Bridge15 mins
-
North Sheen17 mins
-
Chiswick21 mins
Underground Station
-
Mortlake3 mins
-
North Sheen15 mins
-
Barnes Bridge15 mins
-
Chiswick20 mins
Downloads
Download Particulars
Further Information
-
Viewings
Viewings by arrangement through the joint sole Agents.
-
Terms
Long leaseholds (plus share of freehold) offered for sale by way of private treaty, subject to contract. Can be bought individually or as a single lot.
-
Proposal
We are instructed to seek £395,000 for the long leasehold of each unit (£790,000 in total). An acquisition at this level equates to a net initial yield of 6.51% and a potential net reversionary yield of 7.89% in 2029 (after purchasers costs of 2.72% (SDLT and Solicitor's fees).
Gallery
