Mid terrace three storey mixed use building, stucco facade under a pitched tiled roof.
Location
The property is situated on the north side of Lower Richmond Road, close to its junction with Rotherwood Road. Putney Bridge Station (District Line), Putney and Barnes main line, SW Railways, (SWR) are all within easy reach and provide good access to central London. Road communications are also good with the South Circular, (A205) some 2.7 miles, proving access to the M4, Heathrow, and the Motorway networks.
Adjacent occupiers provide a good mix of shops, restaurants, pubs, cafes and leisure, as well as high quality residential. The population of Putney in 2024 was recorded as 113,653.
Accommodation
Ground 810 sq ft – (75.33 sq m). Sales/workshops/office/kitchen/WC.
Basement 190 sq ft -(17.67 sq m). Storage. (low height)
Total 1,000 sq ft – (93.00 sq m).
Internal Height – 9.77 ft – (2.98 m) part only.
Rear outside space. (GIA) All measurement approx.
Terms
TENANCY/TENANT - The ground floor and basement is let on a Full Repairing and Insuring lease to Elswood Cycleworks, trading as Cycle Central, for 20 years from April 2022 and is subject to rent reviews every 4 years. The next review is April 2026. There is a tenant break at the 10th year. The current rent is £22,000 per annum exclusive. Elswood Cycleworks have been trading from this site since 2015.
The upper floors comprise a residential flat that was sold on a long lease for a term of 999 years from January 1993 at a Ground Rent of £100. (To be confirmed.)
PRICE - £425,000
VAT - Vat will not apply
LEGAL COSTS - Each party is to pay own legal costs in this matter
EPC - To be confirmed
ANTI-MONEY LAUNDERING - A tenant will be required to comply with legislation relating to Anti Money Laundering.
MECHANICAL AND ELECTRICAL - We have not tested any of mechanical or electrical services installed within the building and cannot therefore warrant the equipment. A potential purchaser should make their own enquiries regarding all equipment installed.
RATEABLE VALUE - RV £16,250 - 2026/27
Specification
- Freehold Mixed Use Retail Investment
- Early Reversion/April 2026
- 20-year Lease, subject to Review and Break
- Main Road Frontage/Busy Parade
- 1,000 sq ft (93.00 sq n)/GF + B
- Affluent Area/Micro Location
- Price £425,000
- Subject to Contract