Address
Twickenham
TW1 3NR
Location
Description
An excellent opportunity to acquire the remainder of an existing lease on a well-positioned retail unit in the highly sought-after and pedestrianised Church Street, in the heart of Twickenham.
We are seeking premium offers in the region of £10,000 for the assignment of the lease, which has an unexpired term of approximately 8 years remaining. The current rent is £20,000 per annum (inclusive of VAT), representing an attractive rent level for this prime trading location.
The premises extend to approximately 537 sq ft overall, including rear storage area, and benefit from a versatile Class E use, making the property suitable for a wide variety of retail, office, leisure, beauty, and service-based operators (subject to any necessary consents).
Church Street is one of Twickenham's most desirable retail destinations, renowned for its charming character, independent businesses, and strong pedestrian footfall. The property further benefits from excellent accessibility, with a public car park located directly behind the premises and a pedestrian cut-through providing convenient access to Church Street.
Key Features:
Prime position on pedestrianised Church Street
Approximately 537 sq ft including rear storage
Class E use
Approximately 8 years remaining on the lease
Rent of £20,000 per annum (inclusive of VAT)
Premium sought in the region of £10,000
Strong footfall and excellent trading location
Public car park to the rear with direct pedestrian access
Please note that the incoming tenant will be responsible for the landlord's legal costs in connection with the assignment of the lease.
General Information
Tenure: Leasehold
Rent: £16,000 Per annum + VAT
Legal fees: Both parties to be borne by the ingoing tenant/purchaser
Rateable value: The VOA website states a rateable value of £14,500 payable at the prevailing rate.
Lease details: Approximately 8 years remaining with a rent review due in 3 years (lease not inspected by Franklin Commercial)
Features
- 'E' Use class
- Excellent trading location
- Pedestrianised Street
- Densely populated area