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Spring Grove Road, Hounslow TW3 - Image 1
Spring Grove Road, Hounslow TW3 - Image 2
Spring Grove Road, Hounslow TW3 - Image 3
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Spring Grove Road, Hounslow TW3

Unknown Region

£269,950
Listed on 21/02/2024

Property Details

Bedrooms
N/A
Type
Detached house
Area
298 sqft

Description

This Freehold Commercial property presents an intriguing opportunity for entrepreneurs looking to invest in a property with significant renovation potential. Located in a highly desirable area, the space includes a well-structured shop floor that offers an adaptable canvas for any business model. The open layout allows for easy customer navigation, while the designated storeroom enhances operational efficiency by providing essential storage for inventory or equipment. The presence of a WC adds practical convenience, ensuring that both employees and customers have the necessary amenities on-site. One of the standout features is the rear access, which facilitates smoother logistics and deliveries, further enhancing the property's functionality. Strategically positioned near Hounslow East Station, this location not only benefits from excellent transport links but also attracts considerable foot traffic—an essential element for commercial success. Additionally, the availability of pay-and-display parking options nearby increases accessibility for customers, making it an attractive choice for potential renters or buyers. Moreover, there is considerable scope for development subject to planning permission (STPP), allowing new owners to tailor the property to their specific business needs or explore innovative expansion opportunities. This combination of functional design and prime location makes this commercial property an excellent prospect for those looking to establish a new venture or expand an existing one while tapping into its investment potential.

Investment Analysis

(TW3 area)

Above Market Value

This property is priced +72.5% above area average per sq ft

+72.5%
This Property
£906/sq ft
Area Average
£525/sq ft
Avg Rent (weekly)
£399
Avg Yield
5.0%

Renovation Potential

Est. Renovation Cost
£26,995 - £67,488
10-25% of property value
Target Value
£172,128
10% above area average per sq ft
Potential ROI
-49.0%
After renovation
Monthly Sales
22
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (TW3)

Area prices are falling by +4.5% over the last 12 months
3 year growth: -0.4%
5 year growth: 1.5%
Investment Disclaimer: Analysis based on TW3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Spring Grove Road, Hounslow TW3
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