Retail premises for sale in Richmond Road, Twickenham TW1

408 Richmond Road comprises a ground floor unit situated in a parade of shops in East Twickenham conservation area, near to Richmond Bridge. The parade consists of boutique shops, restaurants, cafes and supporting professional services. St Margaret's and Richmond rail stations which are both within a short distance provide frequent rail services to London Waterloo. Heathrow Airport is within a 15 minute drive and there is good access to the M3 and M4 motorways.

The ground floor self-contained unit has been comprehensively refurbished to provide a high-class male grooming salon. The unit has an approximate internal width of 4.5m and depth of 7.5m. The shop consists broad glazed display window, WC, kitchen, pendant lights, plastered and brick walls.

The unit is let to James Patric o'Brian on an effective full repairing & insuring lease for ten years from 6 September 2023 and £24,000 per annum exclusive subject to an upward only rent review on 6 September 2028 with a tenant only break option. There is also a guarantor to the lease.

The building is available on a new long lease with a ground rent of £150 per annum exclusive.

The freehold can also be made available subject to the long leasehold residential units.

The price benefits from a very competitive yield of circa 7% giving a price of £342,000. The property could be made available with the benefit of a brand new two bedroom garden flat of some 808 sq ft at a price of £950,000.

EPC Rate: B48