Offers in region of
£1,250,000
(£2,417.79/sq. ft)
Retail premises for saleUpper Richmond Road West, London SW14
2,417 sq. ft
About this property
The Property comprises a ground floor shop unit together with a 1 bed flat and a 2/3 bed maisonette above both of which are separately accessed from Colston Road to the rear.
The building was extended from a two-floor residential unit into a three-floor one and the works were completed in March 2020. At that time, a new floor was created in the roof space, allowing 26b to become a maisonette.
The whole residential area was renovated including a new roof, renovated flat roof terrace, all plumbing, electrical and gas cooking and heating, the exterior and interior doors, bathroom suites, fitted kitchen units and kitchen equipment.
The windows were also replaced and the soundproofing between the floors upgraded.
The ground floor commercial wiring was upgraded to 3 phase.
Situation
The property is situated on the south side of the busy Upper Richmond Road West, close to its junction with Penrhyn Crescent.
Accommodation
- 417 Upper Richmond Road West: 1,071 sq. Ft (99.5 sq. M)
- 26a Colston Road: 517 sq. Ft (48 sq. M)
- 26b Colston Road: 829 sq. Ft (77 sq. M)
- total: 2,417 sq. Ft (224.5 sq. M)
Tenancies
417 Upper Richmond Road West
• Current Rent: £38,000 p.a.
• Next Review / Reversion: Rent rising to £41,000 from 21.05.2028, Rising to £45,000 p.a. From 21.05.2033
26a Colston Road
• Current Rent: £18,720 p.a.
• Next Review / Reversion: 2026
26b Colston Road
• Current Rent: £25,200 p.a.
• Next Review / Reversion: 2026
Total Current Rent: £81,920 p.a.
Proposal
We are instructed to seek offers in excess of £1,250,000 which reflects a Net Initial Yield of 6.15% after purchaser's costs of 6.8%.
The building was extended from a two-floor residential unit into a three-floor one and the works were completed in March 2020. At that time, a new floor was created in the roof space, allowing 26b to become a maisonette.
The whole residential area was renovated including a new roof, renovated flat roof terrace, all plumbing, electrical and gas cooking and heating, the exterior and interior doors, bathroom suites, fitted kitchen units and kitchen equipment.
The windows were also replaced and the soundproofing between the floors upgraded.
The ground floor commercial wiring was upgraded to 3 phase.
Situation
The property is situated on the south side of the busy Upper Richmond Road West, close to its junction with Penrhyn Crescent.
Accommodation
- 417 Upper Richmond Road West: 1,071 sq. Ft (99.5 sq. M)
- 26a Colston Road: 517 sq. Ft (48 sq. M)
- 26b Colston Road: 829 sq. Ft (77 sq. M)
- total: 2,417 sq. Ft (224.5 sq. M)
Tenancies
417 Upper Richmond Road West
• Current Rent: £38,000 p.a.
• Next Review / Reversion: Rent rising to £41,000 from 21.05.2028, Rising to £45,000 p.a. From 21.05.2033
26a Colston Road
• Current Rent: £18,720 p.a.
• Next Review / Reversion: 2026
26b Colston Road
• Current Rent: £25,200 p.a.
• Next Review / Reversion: 2026
Total Current Rent: £81,920 p.a.
Proposal
We are instructed to seek offers in excess of £1,250,000 which reflects a Net Initial Yield of 6.15% after purchaser's costs of 6.8%.
Mortgage calculator
Monthly repayment
£6,253 per month
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