September 2021: Wednesday 01 September 2021 - 9:00am
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Floorplan
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    Key features

    • Located on a prominent street in Richmond
    • Development potential to develop the upper floors (subject to the Requisite Consents)
    • Ground floor and upper floors approximately 1,237 sqft (taken from EPC)
    • Investment let at £35,000 PA (We believe the tenant is in arrears please refer to legal pack)

    Description

    A two storey commercial unit comprising of retail space on the ground floor and storage space on the upper floor. The upper floor is accessed via the retail unit.

    The property is located in a prominent area in Richmond, nearby occupiers include Nando's, Bills, Odeon Cinema, Costa, Farrow and Ball as well as a range of boutique an artisan independent retailers and cafes

    Additional information

    Tenure

    Freehold.

    Accommodation

    Ground floor - Retail space

    1st Floor - Storage space


    Tenancy

    Let to Studiokitch Limited

    Lease 10 years commencing on the 3rd December 2019 and ending on the 2nd December 2029.

    Tenant break notice 3rd December 2024 (6 months notice)

    Rent

    £35,000 PA

    Notes

    Please note the site areas provided are approximate and this property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.

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      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 between the junctions of Richmond Road and Petersham Road

      Local amenities can be found directly on Hill Rise road and surrounding roads

      Richmond Station is located approximately 0.6 Miles away

      Transport

      Richmond station - Underground (District Line) and Overground services

      Legal documents

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      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