PROPERTIES

1-10 Trinity Parade, Hounslow TW3 1HG

Price£9,680,000

PDF DETAILS

1-10 Trinity Parade, Hounslow TW3 1HG

  • Income£594,000
  • Yield7%
  • SectorHigh Street Retail
  • StatusUnder Offer
PDF DETAILS

Prime Retail Parade With Future Redevelopment Potential And Located In The London Borough Of Hounslow

Summary

  • Located in Hounslow one of London’s largest boroughs.
  • Situated in a prime position on the northern side of Hounslow High Street directly opposite the principle entrance to the Treaty Shopping Centre, which has been earmarked for a substantial mixed use scheme to include circa 1,200 homes.
  • Corner retail block providing six retail units and substantial vacant upper parts.
  • Multi let producing an income of £594,000 per annum.
  • AWULT to expiry of 4.85 years (2.17 years to break).
  • Freehold
  • Nationwide, Vodafone and Superdrug have all recently renewed their leases.
  • Potential for residential led scheme on the upper parts subject to necessary planning consents. The vendor has had a positive pre app on the upper parts for conversion to 20 apartments.
  • Offers in excess of £9,680,000 (NINE MILLION SIX HUNDRED AND EIGHTY THOUSAND POUNDS) Subject to contract and exclusive of VAT.
  • A purchase at this level will reflect a netinitial yield of 7% on the retail and £150 psf on the upper parts, after allowance for purchasers costs of 6.69%