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Heath Road, Hammersmith, Twickenham... Residential development for sale
Heath Road, Hammersmith, Twickenham, London, TW1
£2,280,000
Heath Road, Hammersmith, Twickenham, London, TW1
£2,280,000
Our Summary
- PlanningL B Richmond have provided prior approval permitted development rights under Part 20 of the GPDO
Description
The property is a mixed-use building in Twickenham, London, situated on the River Thames. It comprises 14 one-bedroom apartments, with 13 already sold, and one retained by the freeholder, which is let on an AST for £18,000 per annum. The building also features a ground-floor retail unit, let on a 15-year lease, which is fitted out as a high-end convenience store. The property has prior approval for development rights to create three new flats, each with private terraces and parking. The freehold is available for sale at a guide price of £2,280,000, which provides a net initial yield of 6.30%.