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    Key features

    • Highly affluent South West London location        
    • Established Retail Parade  
    • Prominent corner position close to Lidl and Old Deer Park School      
    • Active management opportunities to expand and regear/re-let the retail unit and split the uppers into 4x1 bed flats
    • Ground Floor Retail holding over from 22nd Aug 2023 on a low rent of only £26,000pa    
    • 1st Floor 2 Bed Flat let on an AST
    • 2nd Floor 2 Bed Flat vacant         
    • Of interest to investors, developers and owner occupiers

    Description

    The property comprises a mixed use investment in a highly prominent corner location, close to Richmond Bridge.

    The ground floor provides retail accommodation with basement storage let to S Perkins on a 10 year lease from 22nd Aug 2013,expiring 2023. The tenant is holding over on a rent of only £26,000 which was set in 2015.

    The first floor comprises a substantial 2 x Bed Flat let on an AST until March 2025 at only £1,280 pcm. 

    The second floor comprises a 2 x Bed Flat which is vacant.

    To the rear of the property is a small courtyard, currently used for parking/loading.

    The property presents numerous value add opportunities, such as moving the shop glazing forward to increase the prime sales area, regearing or reletting the commercial at a current market rent, extending at the rear and refurbishing/reconfiguring the 2 large flats into 4 smaller units, subject to the usual consents.

    Additional information

    Tenure

    Freehold

    Notes

    The retail dimensions are sourced from the VOA website

    GIA of first floor flat includes communal hallway

    GIA of second floor flat including restricted head height

    Deposit of £1,361 held on first floor flat


    Joint Agents

    Stirling Shaw

    Contact Andy Shaw 07498 854767

    ashaw@stirlingshaw..co.uk

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      Accommodation / Tenancy Schedule

      Local information

      Situated in a prominent corner position at the junction with Cresswell Road.

      The established parade hosts a number of boutique shops, cafes and restaurants, and has seen a significant increase in foot fall since the opening of Lidl and the Old Deer Park School.

      Richmond Bridge is within a few minutes walk, providing convenient access to central Richmond.

      Highly sought after residential area with excellent amenities.

      Transport

      Richmond Station – National Rail Service and District Underground

      St Margarets – National Rail Service

      A316 / M3 

      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