202 and 202 A and B Upper Richmond Road West, East Sheen, SW14 8AN
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Auction
- Lot 20
- United Kingdom
- Commercial Building
- Commercial
Invited Opening Bid £535,000
Property Summary
- Freehold retail/residential investment
- Prominent two storey corner building
- Arranged as two ground floor retail units with 3 flats above
- Two shops let/flats sold on long leases
- Prominent position
- Producing £41,000 per annum
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Description
The building is arranged as two ground floor retail units with three flats at first and second floor levels. The flats have been sold off on one long lease.
Location
East Sheen lies about 8 miles south west of central London and 1.5 miles east of Richmond upon Thames. The property is situated at the junction with Thornton Road within a busy high street parade of shops serving a large residential catchment area. Nearby occupiers include Natwest Bank, Waitrose, Pizza Express and Boots as well as many other bars, restaurants and local traders. Further trade may be gained from the high level of vehicular traffic and pedestrian footfall going to and from nearby Mortlake railway station.
Tenure
Freehold
Accommodation
| Unit | Accommodation | Tenancy | Rent (£pa) |
| 202 | Retail area, office, ancillary storage. Gross internal area approximately 66.42 sq m (714 sq ft) | Let to Marsh & Parsons Limited (a wholly owned subsidiary of LSL Plc) on a FRI lease for a term of 15 years from 25/12/2017 with tenants break 25/12/2027 at a rent of £23,500 per annum. | £23,500 |
| 202 A & B | Retail area, rear office. Gross internal area approximately 46.25 sq m (497 sq ft) | Let to an individual who is currently fitting out and will be trading as a beauty treatments salon on a 10 year FR&I lease from 09/04/2018 with a tenants only break clause at the fifth anniversary, at a rental of £16,000 per annum. | £16,000 |
| Flats 1, 2 & 3 | Sold on one lease for a term of 125 years from 15/03/2017 at a ground rent of £1,500 per annum | £1,500 | |
| TOTAL | £41,000 | ||
Note: The building has not been internally inspected by the auctioneers. Areas provided are from the Valuation Office Agency (VAO). Interested parties must rely on their own enquires.
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No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.
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