72 Lower Richmond Road, London, SW15 1LL

Description

A new investment opportunity in the heart of Putney. The property offers both commercial and residential over the basement ground, first and second floor. The commercial space is let to 'Hooray; a successful party planning company, over the ground floor basement only with a yard to the rear. The first and second floor flat offers .... bedrooms as is let on an AST that expires in August 2022.

New Invest opportunity

Location

The property is located on the northern side of the thriving Lower Richmond Road. The unit benefits from excellent transport links with Putney Station (South Western Trains) 0.6 miles away and East Putney Station (District Line) 0.7 miles away, plus a number of bus routes. The local area is a mixture of local retailers and restauranteurs, nearby traders include The Half Moon Pub, Bose Lebanese Kitchen and is directly opposite Sainsbury's local.

Size Notes

The commercial unit is 527 SQFT over the ground floor only. NIA

Residential parts are 1,309 SQFT.GIA

Price Description

We are instructed to seek offers in excess of £825,000 subject to contract.

EPC

EPC rating of E (42) for domestic parts.
EPC rating of D (78) for non-domestic parts.

The commercial unit is let on a 10-year FRI lease from the 29th September 2016, at a rent of £17,500 per annum, there is a mutual option to break in September 2021, upon providing 6 months written notice.

The upperparts are on a company let at £32,400 per annum to Equinox, this expires in August 2022. We understand that a 35% rent reduction has been agreed for a period of 12 months, this is due to expire shortly.
( Agency Pilot Software Ref: 1001348 )