From
£395,000
Property for saleUpper Richmond Road West, London SW14
Auction
About this property
Investment let at £30,050 p.a.
Comprising of a ground floor commercial unit and 3 bedroom flat on the 1st and 2nd floor (sold off on a long lease)
Commercial unit Let on a new 15 year lease from November 2022 at £30,000 p.a.
A 6 month rent deposit is held and the lease is personally guaranteed for the full term
We have been advised that the tenant has multiple sites in the area
Current tenant has fitted out to a very high standard and is ta Dental practice
Located in an affluent and thriving South West London Neighbourhood
VAT free investment
6 week completion
Strapline
Auction Sale - 18/07/2023
Of interest to Investors
A freehold Mid terrace building comprising of retail unit on the ground floor which is let on a new 15 year lease from November 2022 and flat on the 1st and 2nd Floor (sold off on long lease).
Investment let £30,050 p.a.
Description
The property is a mid terrace building comprising of ground floor commercial unit and flat situated over 1st and 2nd floor (sold off on long lease)
The commercial unit is accessed via the front and also a yard located to the rear
The commercial unit has been fitted out to a very high standard and is currently ta a dental and facial aesthetics practice.
Nearby occupiers include Harris & Hoole (coffee shop), Papa Johns pizza, Tesco Express, Cook and Waitrose. There is also a wide range of local and boutique independent retailers.
Location
The property is located on the south side of Upper Richmond Road and can be found between the junctions of sheen Gate gardens and Penrhyn Crescent.
Mortlake Station is located an approx. 0.4 miles from the property
Transport
Mortlake Station - National Rail services
Tenancy
433 Upper Richmond Road West (Commercial unit)
Accommodation
Please note that the approximate areas have been provided by a third Party and the property has not been inspected by Savills
Ground floor
1st and 2nd floor
Auction Sale - 18/07/2023
Of interest to Investors
A freehold Mid terrace building comprising of retail unit on the ground floor which is let on a new 15 year lease from November 2022 and flat on the 1st and 2nd Floor (sold off on long lease).
Investment let £30,050 p.a.
Description
The property is a mid terrace building comprising of ground floor commercial unit and flat situated over 1st and 2nd floor (sold off on long lease)
The commercial unit is accessed via the front and also a yard located to the rear
The commercial unit has been fitted out to a very high standard and is currently ta a dental and facial aesthetics practice.
Nearby occupiers include Harris & Hoole (coffee shop), Papa Johns pizza, Tesco Express, Cook and Waitrose. There is also a wide range of local and boutique independent retailers.
Location
The property is located on the south side of Upper Richmond Road and can be found between the junctions of sheen Gate gardens and Penrhyn Crescent.
Mortlake Station is located an approx. 0.4 miles from the property
Transport
Mortlake Station - National Rail services
Tenancy
433 Upper Richmond Road West (Commercial unit)
- Let to Dr Harman Kler Ltd
- Let on a 15 year lease from November 2022
- Personal guarantee in place for full term
- 6 month rent deposit held
- Open Market rent reviews every 5th year
- We have ben advised that the existing retailer has multiple premises in the area
- Investment let at £30,000 p.a.
Accommodation
Please note that the approximate areas have been provided by a third Party and the property has not been inspected by Savills
Ground floor
- Reception/waiting area, 3 x Treatment Rooms, Kitchen and WC
- Rear yard
- An approx. 71 sqm (764 sq ft)
1st and 2nd floor
- Believed to comprise of a 3 bedroom flat (not inspected)
- Sold off on a long lease
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