Commercial property for sale in Upper Richmond Road West, London SW14
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Investment let at £30,050 p.a.
- Comprising of a ground floor commercial unit and 3 bedroom flat on the 1st and 2nd floor (sold off on a long lease)
- Commercial unit Let on a new 15 year lease from November 2022 at £30,000 p.a.
- A 6 month rent deposit is held and the lease is personally guaranteed for the full term
- We have been advised that the tenant has multiple sites in the area
- Current tenant has fitted out to a very high standard and is ta Dental practice
- Located in an affluent and thriving South West London Neighbourhood
- VAT free investment
- 6 week completion
Property description
Strapline
Auction Sale - 18/07/2023
Of interest to Investors
A freehold Mid terrace building comprising of retail unit on the ground floor which is let on a new 15 year lease from November 2022 and flat on the 1st and 2nd Floor (sold off on long lease).
Investment let £30,050 p.a.
Description
The property is a mid terrace building comprising of ground floor commercial unit and flat situated over 1st and 2nd floor (sold off on long lease)
The commercial unit is accessed via the front and also a yard located to the rear
The commercial unit has been fitted out to a very high standard and is currently ta a dental and facial aesthetics practice.
Nearby occupiers include Harris & Hoole (coffee shop), Papa Johns pizza, Tesco Express, Cook and Waitrose. There is also a wide range of local and boutique independent retailers.
Location
The property is located on the south side of Upper Richmond Road and can be found between the junctions of sheen Gate gardens and Penrhyn Crescent.
Mortlake Station is located an approx. 0.4 miles from the property
Transport
Mortlake Station - National Rail services
Tenancy
433 Upper Richmond Road West (Commercial unit)
- Let to Dr Harman Kler Ltd
- Let on a 15 year lease from November 2022
- Personal guarantee in place for full term
- 6 month rent deposit held
- Open Market rent reviews every 5th year
- We have ben advised that the existing retailer has multiple premises in the area
- Investment let at £30,000 p.a.
Accommodation
Please note that the approximate areas have been provided by a third Party and the property has not been inspected by Savills
Ground floor
- Reception/waiting area, 3 x Treatment Rooms, Kitchen and WC
- Rear yard
- An approx. 71 sqm (764 sq ft)
1st and 2nd floor
- Believed to comprise of a 3 bedroom flat (not inspected)
- Sold off on a long lease
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions 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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