Commercial Property Details

Castelnau,Hammersmith Bridge, London

Commercial

For Sale

£825,000

Development Opportunity / Investment / Capital Appreciation
Rayan Investments is delighted to offer an excellent development opportunity comprising a restaurant on the ground floor and a 2 bedroom flat over the first and second floors with loft accommodation along with separate entrance.
This site is potential to build two 1 bedroom apartments and a large studio flat in the backside subject to planning permission and subsequently potential for capital appreciation.
The restaurant built over 3.64Sq.M. occupied by Pizza Bar offers a small sales space and the majority of the space utilised as kitchen and preparation space for the takeaway customers.
The ground floor unit is let on a FRI lease to a local takeaway restaurant, producing £18,000 per annum till October 2027. The lease benefiting from upward only rent reviews to open market rent, the first one being in 2014 and then after 3years.. The 2014 and 2017 rent reviews have not been activated.
This site in addition to development is ideal for investors by producing £38,400 per annum.
For further information please contact Rayan Investments.

Property description

Development Opportunity / Investment / Capital Appreciation
Rayan Investments is delighted to offer an excellent development opportunity comprising a restaurant on the ground floor and a 2 bedroom flat over the first and second floors with loft accommodation along with separate entrance.
This site is potential to build two 1 bedroom apartments and a large studio flat in the backside subject to planning permission and subsequently potential for capital appreciation.
The restaurant built over 3.64Sq.M. occupied by Pizza Bar offers a small sales space and the majority of the space utilised as kitchen and preparation space for the takeaway customers.
The ground floor unit is let on a FRI lease to a local takeaway restaurant, producing £18,000 per annum till October 2027. The lease benefiting from upward only rent reviews to open market rent, the first one being in 2014 and then after 3years.. The 2014 and 2017 rent reviews have not been activated.
This site in addition to development is ideal for investors by producing £38,400 per annum.
For further information please contact Rayan Investments.

Development opportunity
Potential to built two 1 bedroom and one large studio apartment)
Total area 146.1 Sq.M (1572 Sq Ft)
Excellent location for business


Additional Details

Property ID: 4706089 Property Views: 2093 Property Type: Commercial Price: £825,000
Bedrooms: 2 Bathrooms: 0 Receptions: 1 Other Rooms: 0
Garages: 0 Parking Spaces: 0 Gardens: 0