Retail premises for sale in Upper Richmond Road West, London SW14

Location

The property is located on Upper Richmond Road West (A205 South Circular Road) on the corner of Richmond Park Road.
Mortlake Railway station is under half a mile and for road communications, access to the A316 is just under 1 mile.

Description

The property comprises a former bank premises laid out over ground floor and basement levels. The property is occupied and fitted as a physiotherapy and pilates studio and as a former bank retains many original features including a double height ceiling. For further details of the existing tenants, please see their web site .

Accommodation

The property has the following approximate net internal floor areas:-

Ground Floor 80 sq. M (861 sq. Ft)
Basement 44 sq. M (474 sq. Ft)
total 124 sq. M (1335 sq. Ft)

Tenure

New 999 year lease, subject to the occupational lease as set out below.

Occupational lease

Granted to Core Physiotherapy and Pilates Limited for a term of 10 years from 14th July 2022. Rent review 14th July 2027. A copy of the lease is available upon request.

Rental income

£42,500 per annum rising to £45,000 per annum from 14th July 2024.

Price

Offers in the region of £550,000

Business rates

2023 Rateable Value: £34,250

Energy performance rating

Energy Rating: D85
A copy of the certificate is available on request.