20 September 2023: Wednesday 20 September 2023 - 9:00am
Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold

Sold Prior

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    Key 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
    • 8 week completion
    • Viewing upon request with auctioneer

    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.

    Additional information

    Tenure

    Freehold

    Upper floors sold off on a long lease (150 years from 2002)

    Ground rent £50 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

    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.

    Rent

    £30,050 p.a.

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      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

      Legal documents

      Login to view legal documents

      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums