Area: 4992 sq ft
Gross Rent: £ 61,500
Gross Yield %: 4.9
Lease Term: 11 yrs from Dec ' 12
Years left on Lease: 3
VAT applicable: No
- £1m - £5m
- Asset management / development opportunity
- Finance available
- Suitable for a SIPP
* Freehold Bank Investment with Residential Development Potential.
* Ground floor Bank with ancillary accommodation above.
* The building currently provides 4,992 sq ft on ground, first and second floor with parking for over 35 cars at the rear.
* Located in Sunbury, approximately 16 miles south west of London.
* Established Retail Parade directlyopposite Sunbury Cross shopping centre.
* Property is 16 miles south west of London, 6.9 miles south west of Richmond, 6 miles south of Heathrow and Sunbury Cross Station (5 minute walk).
* Nearby occupiers include M&S Food, Halfords,Subway, KFC and Boots.
* Let to Barclays Bank Plc for 11 years from 25.12.2012 (expiring Dec 2023) at a rent of £61,500 p.a.
* Potential to convert the uppers to 8 self-contained apartments and add an addition 3rd floor (STP), as well build additional accommodation in the rear car park.