Freehold 4-storey commercial building with potential for re-development / conversion (S.T.P.) (Shop Let, Basement and Upper Parts Vacant) – Part Vacant Investment
Total rent reserved £23,000 per annum
Accommodation / Tenancies (approximate dimensions):
Second Floor: Two rooms – Gross Internal Area – 10.6m x 6.3m – VACANT
First Floor: Two rooms – Gross Internal area – 6.5m x 6.03m. Shower room/WC – 4.4m x 3.4m. Half landing – Shower room/wc – 5.7m x 2.1m – VACANT
Part Ground / Lower Ground: Main room 5.7m x 4.2m. Rear room 4.3m x 3.4m. Ancillary storage to the front
Outside: Rear courtyard – VACANT
Part Ground: Hair Salon – 8.316m x 4.85m. Tenancy: t/a David Masters Salon on a lease expiring 23/6/2029. Rent review due 2024 – £23,000
Part of the building is offered with complete vacant possession of the second, first and lower ground floors with multiple opportunities to re-develop (S.T.P.) to residential or further commercial usage.
There is potential for re-development of the building to residential use (S.T.P.) or alternatively potential for letting the basement and upper parts, therefore creating an additional high rental income. Prospective purchasers must rely on their own enquiries in this regard.
Local Authority: London Borough of Richmond Upon Thames – www.richmond.gov.uk
EPC – C
VAT is not applicable to this lot
Located in an affluent part of southwest London. The property is situated opposite St. Margarets railway station within a retail parade serving a mixed residential and commercial catchment area. St. Margarets Road runs up to the A316 giving access to West London and the nearby Twickenham Stadium.
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