Property for sale in King Street Twickenham TW1

Sale Price: £95,000

2-4 King Street Twickenham, TW1 3RZ

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Street Address

2-4 King Street Twickenham, TW1 3RZ

Property description

Opportunity to acquire a 999 year head lease ground rent investment of twelve newly refurbished residential apartments with designated parking in Twickenham town centre. The apartments are to be sold off on brand new 125 year leases at an initial ground rent of £400 per annum each totalling an initial rent of £4,800 per annum. The twelve individual leases have provisions for fixed incremental ground rent increases every 25 years rising to £800.00 per annum each in December 2040 and £1000 per annum each from 2065 for the remainder of the Term. The property is situated above Carpetright and opposite Barclays Bank with other neighbouring retailers including Carphone Warehouse, Natwest Bank, Starbucks, Boots, Waterstones and Patisserie Valerie amongst many others. Twickenham BR station is approximately ¼ mile which provides direct fast services into London Waterloo (26 minutes) and the property is situated on several bus routes. Evergreen House is also conveniently situated within ½ mile of A316 which provides direct access into central London (eastbound) and the M3 and M25 (west bound).

Property Features :

  • Ground Rent Investment
  • Currently Generating £4,800 per annum
  • Gross initial Yield 5%
  • 12 x Residential Apartments and Car Park
  • Prime Town Centre Location
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