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164 Heath Rd 503 SF Retail Building Twickenham TW1 4BN $445,188 ($885.07/SF) 6.97% Cap Rate
Investment Highlights
- To be sold with a new long lease
- Highly desirable location
- Let until February 2027
Executive Summary
This retail commercial premises is located on a prominent corner on a busy parade with double frontage on Heath Road and Lion Road.
The property is let to Michael Webster (t/a Websters Estate Agents) at £23,000 p.a. until 28/02/2027 with a fixed rent increase to £24,000 in March 2024.
The property is let to Michael Webster (t/a Websters Estate Agents) at £23,000 p.a. until 28/02/2027 with a fixed rent increase to £24,000 in March 2024.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
503 SF
Building Class
B
Year Built
1905
Price
$445,188
Price Per SF
$885.07
Cap Rate
6.97%
NOI
$31,028
Tenancy
Single
Building Height
3 Stories
Slab To Slab
10’
Building FAR
0.38
Lot Size
0.03 AC
Frontage
Amenities
- Bus Line
- Signage
- Storage Space
- Air Conditioning
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Nearby Major Retailers
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164 Heath Rd
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