Established retail parade close to Richmond town centre
Includes two self-contained 2 bedroom flats with unconverted loft space
Majority let until 2027
Active management potential
Six Week Completion Available
Lot 3
Auction 8th December 2011
Rent £54,800 per Annum Exclusive
Status Sold
Price £715,000
Sector Leisure
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
10 miles south-west of Central London, 1 mile east of Richmond
Roads
A305, A205, A316, M4
Rail
Mortlake Rail, North Sheen Rail , Richmond (District Tube, Rail)
Air
London Gatwick Airport, London Heathrow Airport
Situation
East Sheen is an affluent residential suburb 10 miles south-west of Central London located between Richmond town centre and Barnes. The area benefits from excellent road and rail access, being adjacent to the A316 and M4 motorways. The property is situated on the south side of Upper Richmond Road West (A205 - South Circular Road) within an established retail parade of shops and restaurants. Nearby occupiers include Topps Tiles and Bathstore.
Tenure
Freehold.
Location
Miles
10 miles south-west of Central London, 1 mile east of Richmond
Roads
A305, A205, A316, M4
Rail
Mortlake Rail, North Sheen Rail , Richmond (District Tube, Rail)
Air
London Gatwick Airport, London Heathrow Airport
Situation
East Sheen is an affluent residential suburb 10 miles south-west of Central London located between Richmond town centre and Barnes. The area benefits from excellent road and rail access, being adjacent to the A316 and M4 motorways. The property is situated on the south side of Upper Richmond Road West (A205 - South Circular Road) within an established retail parade of shops and restaurants. Nearby occupiers include Topps Tiles and Bathstore.
Tenure
Freehold.
Description
The property comprises a double fronted restaurant benefiting from an external dining area to the rear. The tenant has created a single storey extension to the dining area within No. 505.
There are two self-contained flats on the first floor each with separate entrances on Upper Richmond Road.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a double fronted restaurant benefiting from an external dining area to the rear. The tenant has created a single storey extension to the dining area within No. 505.
There are two self-contained flats on the first floor each with separate entrances on Upper Richmond Road.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
Restaurant
129.17 sq m
(1,390 sq ft)
BOUTIQUE LEISURE LTD (t/a The Naked Turtle) (1)
25 years from 09/10/2002 until 2027
£38,000
13/07/2010
First (507A)
Residential
58.46 sq m
(629 sq ft)
INDIVIDUAL
Assured Shorthold Tenancy 1 year from 01/06/2011
£7,800 (£650 pcm)
First (505A)
Residential
63.83 sq m
(687 sq ft)
INDIVIDUAL
Assured Shorthold Tenancy 1 year from 01/06/2011
£9,000 (£750 pcm)
Totals
251.46 sq m
(2,706 sq ft)
£54,800
(1)The Naked Turtle has been trading for over 10 years and is well known for live jazz entertainment. (Source: www.naked-turtle.com) (2) As to the residential flats the areas stated are Gross Internal Areas.
