Restaurant/cafe for sale in High Street, London TW12

Fixed price £650,000 (£485.07/sq. ft)
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Restaurant/cafe for sale 1,340 sq. ft*

Property features

  • Comprises Ground Floor Double Fronted Restaurant with rear access
  • Located within ½ mile from Fulwell Train Station
  • Nearby occupiers include Tesco Express, Costa Coffee and Sneller`s Estate Agents

Property description

Investment Consideration:
Gross Initial Yield: 5.85%
Rental Income: £38,000 p.a.
VAT is not applicable to this property
Comprises Ground Floor Double Fronted Restaurant with rear access
Located within ½ mile from Fulwell Train Station, which provides direct services to London Waterloo
Nearby occupiers include Tesco Express, Costa Coffee and Sneller`s Estate Agents, amongst many more.

Property Description:
The property comprises ground floor double fronted restaurant, providing the following accommodation and dimensions:
Ground Floor: Restaurant 125 sq m (1,340 sq ft)
Open plan retail, Kitchen, Staff and Customer WC, Storage

Tenancy:
The restaurant is at present let to Family and Friends Co Limited for a term of 25 years from 29th September 2021 at a current rent of £38,000 per annum. The lease contains full repairing and insuring covenants. Rent reviews every fifth year linked to rpi. The tenant has option to determine the lease on the fifth, tenth, fifteenth and twentieth anniversary. Rent deposit held of £9,500.

Tenure:
Long Leasehold. To be held on a new 999 year leasehold agreement upon completion at peppercorn ground rent.

Location:
Hampton Hill is a district in the London Borough of Richmond upon Thames to the south of Twickenham. It is served by Fulwell railway station and Hampton railway station on the Shepperton to Waterloo line. It is part of what is collectively known as The Hamptons. The property is located within ½ mile from Fulwell Rail Station. Aside from the residential areas of the town, the High Street is filled with shops, restaurants, several cafes, a few public houses and a traditional 75-year-old bakery. The High Street also stages a yearly parade before Christmas when the street is closed and a procession takes place. The property is located next to the junction between High Street and Hampton Road. Occupiers close by include Tesco Express, Costa Coffee and Sneller`s Estate Agents, amongst many more.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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