Property for sale

Heath Road, Canham House, London TW1

Location
Twickenham is a suburban district in London. It is situated on the River Thames 9.9 miles southwest of Charing Cross. It is part of the London Borough of Richmond upon Thames since 1965, and the borough council's administrative headquarters are located in the area.

Description
Canham House, Twickenham offers a rare and compelling mixed-use residential investment and development opportunity, prominently positioned on one of Twickenham’s established and well-connected thoroughfares and benefiting from strong underlying residential demand.
The property includes valuable airspace rights with planning consent to deliver three additional residential units (comprising two two-bedroom apartments and one one-bedroom apartment), providing a clearly defined and immediately actionable value-add opportunity in this highly sought-after South West London location.
The residential accommodation comprises 14 one-bedroom apartments, of which 13 provide a ground rent income of £3,250 per annum. The next review of the ground rent is 2040 where its doubles to £500.00 per unit. There is an additional unit which has a peppercorn rent..
The freehold sale also includes four on-site parking bays, enhancing both income security and future saleability.
The ground-floor commercial investment is excluded from the sale.

Planning
L B Richmond have provided prior approval permitted development rights under Part 20 of the gpdo. The reference for this application is 24/0555/GPH03. Further details are available on request or via

Accommodation Schedule
The property o?ers the following (gia) approximate dimension

Tenure
Freehold subject to existing leases. Buyers are advised that Section 5 notices will need to be served upon accpetance of an offer.

User
Class C3 of the Town & Country Planning (Use Class) (Amendment) Order 2005.
EPC

Copies of the EPC's can be made available upon request.

Terms
O?ers are invited in excess of £315,000 for our client’s Freehold interest.
VAT

The property has not been elected for VAT purposes.

Legal
Each party to bear its own legal costs.
Aml

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