9 York Street, TW1 3JZ

020 8332 2707

£950,000 /

 

9 York Street, TW1 3JZ

  • INCOME PRODUCING FREEHOLD INVESTMENT SALE
  • INITIAL YIELD 5.39%
  • TOTAL ANNUAL INCOME: £51,180
  • OFFERS IN EXCESS OF £950,000 STC


For Sale is the Freehold of the building, consisting of a commercial unit on the ground floor and basement, with two residential flats above.
Both upper floor flats are currently occupied on ASTs bringing in a combined annual income of £30,180
2 bed split level unit on AST until end of 2016 £1,465.00 pcm (£17,580 pa)
1 bed AST @ £1,050 pcm (£12,600 pa)
The Lease relating to the shop premises is an FRI lease for a term of 10 years from August 2014 at a rental of £21,000 per annum, rising to £23,000 after the first two and a half years. Subject to a rent review on the 5th anniversary.
The commercial tenant is Ben Thanh, who trade under an A1 / A3 use class.

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