Offers in region of
£1,300,000
(£441.13/sq. ft)
Property for sale106 Kew Road, Richmond TW9
2,947 sq. ft
EPC Rating: D
About this property
New lease granted on restaurant producing £52,500 per annum
Residential upper parts producing circa £49,800 per annum
Freehold or Company Sale (Company owns additional 580 sq ft residential house locally)
Asking £1,300,000 which shows a net yield of 7.52% after estimated purchasers costs (if rent free topped up).
An income producing mixed use freehold investment with the benefit of a new lease to a restaurant on the commercial element and residential upper parts. This is an opportunity to own a marketable
Location
Kew Road became the established location for restaurants in Richmond during the twentieth century. This part of Kew Road is a short walk to Richmond Station (National Rail, District and Mildmay Lines) and is well situated on the edge of a residential neighbourhood as well being close to The Royal Botanic Gardens (unesco World Heritage Site attracts 2.1m visitors a year). Neighbouring businesses include: Tesco, The Shaftesbury Pub (Youngs), Four Regions, Chatora, Mignonette, Treviso and Base Face Pizza.
Viewings
Inspections maybe arranged through Martin Campbell.
Terms
Freehold for sale by way of private treaty subject to contract.
Tenancies
A new 15 year lease to a privately owned Puglian restaurant let at an annual rent of £52,000 per annum. Lease commenced 8 June 2026. The Tenant benefits from 3 months rent free and 18 months at half-rent which equates to 12 months rent free. There is a mutual option to break at the end of the 5th year.
The residential uppers are subject to three tenancies producing £49,800 per annum.
Mortgage calculator
£6,503 per month
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