Retail premises for sale in Richmond Road, Kingston Upon Thames KT2

Offers over £1,250,000 (£437.98/sq. ft)
Interested in this property? Call +44 20 8115 5551 * or Request Details

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Retail premises for sale 2,854 sq. ft*

Property description

The property comprises a 3 storey terrace consisting of a double fronted shop with basement at ground floor level, together with residential accommodation over first and second floors.
The upper floors are approached from a dedicated entrance at the front of the property from Richmond Road and comprises 2 x 2-bedroom and 1 x 1-bedroom self-contained flats.
There is a small yard at the rear with access to the rear of the property from East Road.

Prominent position close to Kingston town centre and railway station.
Affluent and popular Greater London suburb.
3 storey retail and residential property.
Ground floor & basement retail leased to Kobkun Thai Retreat Limited on a 10 year Fri lease from 5th August 2021 at £26,000 pa.
First & second floors comprise 2 x 2-bed and 1 x 1-bed flats.
Potential to increase the total rental income to £86,000 per annum.
Offers are invited in excess of £1,250,000 (One Million Two Hundred & Fifty Thousand Pounds), reflecting an niy in the region of 5% and a potential reversionary yield of approximately 6.4%.


We are instructed to seek offers in excess of £1,250,000 (One Million Two Hundred and Fifty Thousand Pounds) subject to contract.


We are advised that the property is not elected for VAT.


Ground & Lower Ground: To be commissioned
Flat A: D (67)
Flat B: D (62)
Flat C: D (63)

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Cattaneo Commercial, KT1 on +44 20 8115 5551 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Cattaneo Commercial, and do not constitute property particulars. Please contact Cattaneo Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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