Freehold retail investment for sale with residential upper parts sold off on long leases.
Ground floor restaurant/café with basement/ancillary storage and three residential apartments.
Commercial - Commercial unit operating as a café, let to Dairo Limited for ten years from 2021 under the terms of an effective FRI lease at £24,000 pax increasing to £33,500 in Aug 2024.
Residential - Three residential apartments sold off on long leases for 125 years from 2004 each paying a ground rent of £100 pa.
Sale will be subject to the leaseholders not excursing their Rights of First Refusal following service of the formal notice at the agreed purchase price.
Subject to Contract - Updated November 2023.
( Agency Pilot Software ref: 14 )
Location
Retail/ Residential investment located in the affluent suburb of Hampton Wick, in the London Borough of Richmond upon Thames. The property is located on a busy high street, close to many other restaurants, pubs, and similar uses.
5 High Street benefits from great communications being within a very short walking distance of Hampton Wick Train Station (serving South Western Line) and within a short driving distance of M3 and M25, approx 10 miles from Central London.
Accommodation
Ground Floor - 785 Sq Ft
Basement - 728 Sq Ft
Total (Commercial) - 1,513 Sq Ft
Terms
Offers in excess of £350,000 plus VAT.
LEGAL COSTS
Each party to bear their own professional costs.
EPC
D 99
Specification
- 1,513 sq ft
- Excellent transport links
- Increasing rent in 2024