Freehold Investment Shop & Two Flats, 337 Upper Richmond Road West, East Sheen, SW14 8QR
1,730 Sq Ft / Retail / Investment
For Sale
- £1,100,000.00
Available - Last updated: 19 March 2024
We are pleased to offer this Freehold investment comprising a ground floor self- contained shop and two flats.
The shop is well-presented throughout with access from the front and rear, and is currently let to 'Shelter' who have occupied the unit since 2011. The shop measures approximately 55 sq meters and has a toilet facility to the rear. The previous rent was £17,500 p.a but this was reduced by our clients at the start of the pandemic to £12,000 p.a. We therefore view the shop as currently under rented.
On the first floor there is a one bedroom flat measuring approximately 41 sq meters, which is let on an AST agreement at £15,230 p.a. The second flat is split level and measures approximately 65 sq meters- this is let at £15,984 p.a. Both flats are accessed from an attractive gated passageway to the rear of the building.
Location
Located on the popular Upper Richmond Road West amid an eclectic mix of interesting shops, restaurants & cafes - public car park and metered street parking close by. Mortlake Station is within easy walking distance.
Accommodation
Size - 1,730 sq ft
Terms
Tenure: Freehold
Price/premium: £1,100,000
Legal fees: Each party to bear their own
Rateable value: The VOA website states a rateable value of £13,500, payable at the prevailing rate.
Lease details: Ground floor shop- 5 year lease granted from July 2020 inside the Landlord and Tenant Act '54. There was a tenant option to break in July 2022, which was not exercised. Both flats let on AST agreements at £15,230 p.a and £15,984 p.a.
Specification
- Close to many multiples
- Favoured location
- Mixed use
- Public car park nearby
- Close to station
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£1,100,000.00
| NA |
Email me updates about similar new properties
Show similar properties