58-60 Richmond Rd
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58-60 Richmond Rd
2,407 SF Retail Building Twickenham TW1 3BE £850,000 (£353/SF)
Investment Highlights
- Good road links
- Close proximity to local amenities
- Good trasnport links
Executive Summary
The building is held on a long lease of 999 years from 29th September 2003 at a peppercorn rent. Offers in excess of £850,000 (Eight Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT.
The premises offers a self-contained retail unit, with a large double shop frontage and a basement. The premises was extensively refurbished by the existing tenant. There is potential subject to the existing tenant and planning to create a rear and basement 2 bedroom split level flat which has been constructed on other units on the parade.
The unit is let to Bellababy Limited on an extended effective full repairing and insuring lease for 12 years from 10th April 2017 at £50,000 per annum exclusive subject to an upward only rent review in April 2022 (Outstanding) and April 2027. There is a deposit of £25,000.
The premises offers a self-contained retail unit, with a large double shop frontage and a basement. The premises was extensively refurbished by the existing tenant. There is potential subject to the existing tenant and planning to create a rear and basement 2 bedroom split level flat which has been constructed on other units on the parade.
The unit is let to Bellababy Limited on an extended effective full repairing and insuring lease for 12 years from 10th April 2017 at £50,000 per annum exclusive subject to an upward only rent review in April 2022 (Outstanding) and April 2027. There is a deposit of £25,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront
Building Size
2,407 SF
Building Class
B
Year Built
1872
Price
£850,000
Price Per SF
£353
Tenancy
Single
Number of Floors
4
Building FAR
0.17
Land Acres
0.32 AC
Frontage
44 ft on Richmond Road
Amenities
- Signage
1 of 1
Nearby Major Retailers
-
Niall Christian -
Michael Rogers LLP
1 of 2
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58-60 Richmond Rd
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