Offers over
£1,250,000
(£481.78/sq. ft)
Retail premises for saleRichmond Road, Kingston Upon Thames KT2
2,854 sq. ft
About this property
The property comprises a 3 storey terrace consisting of a double fronted shop with basement at ground floor level, together with residential accommodation over first and second floors.
The upper floors are approached from a dedicated entrance at the front of the property from Richmond Road and comprises 2 x 2-bedroom and 1 x 1-bedroom self-contained flats.
There is a small yard at the rear with access to the rear of the property from East Road.
Prominent position close to Kingston town centre and railway station.
Affluent and popular Greater London suburb.
3 storey retail and residential property.
Ground floor & basement retail leased to Kobkun Thai Retreat Limited on a 10 year Fri lease from 5th August 2021 at £26,000 pa.
First & second floors comprise 2 x 2-bed and 1 x 1-bed flats.
Current rental income at £66,300 per annum.
Potential to increase the total rental income to £89,000 per annum.
Freehold.
Offers are invited in excess of £1,250,000 (One Million Two Hundred & Fifty Thousand Pounds), reflecting an niy in the region of 5% and a potential reversionary yield of approximately 6.6%.
Proposal
We are instructed to seek offers in excess of £1,250,000 (One Million Two Hundred and Fifty Thousand Pounds) subject to contract.
VAT
We are advised that the property is not elected for VAT.
EPC
Ground & Lower Ground: To be commissioned
Flat A: D (67)
Flat B: D (62)
Flat C: D (63)
The upper floors are approached from a dedicated entrance at the front of the property from Richmond Road and comprises 2 x 2-bedroom and 1 x 1-bedroom self-contained flats.
There is a small yard at the rear with access to the rear of the property from East Road.
Prominent position close to Kingston town centre and railway station.
Affluent and popular Greater London suburb.
3 storey retail and residential property.
Ground floor & basement retail leased to Kobkun Thai Retreat Limited on a 10 year Fri lease from 5th August 2021 at £26,000 pa.
First & second floors comprise 2 x 2-bed and 1 x 1-bed flats.
Current rental income at £66,300 per annum.
Potential to increase the total rental income to £89,000 per annum.
Freehold.
Offers are invited in excess of £1,250,000 (One Million Two Hundred & Fifty Thousand Pounds), reflecting an niy in the region of 5% and a potential reversionary yield of approximately 6.6%.
Proposal
We are instructed to seek offers in excess of £1,250,000 (One Million Two Hundred and Fifty Thousand Pounds) subject to contract.
VAT
We are advised that the property is not elected for VAT.
EPC
Ground & Lower Ground: To be commissioned
Flat A: D (67)
Flat B: D (62)
Flat C: D (63)
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