345 Upper Richmond Road West East Sheen London SW14 8QN

345 Upper Richmond Road West
East Sheen
London
SW14 8QN

Freehold Retail and Residential Ground Rent Investment

Let to a sushi restaurant on a new 7 year lease (no breaks) t/a Sushi Ya Express
Popular and highly affluent South West London suburb
Includes 3 flats on the upper floors let on long leases
Nearby occupiers include Waitrose, Gail's, Pizza Express, Caffe Nero, Superdrug
VAT free investment

Lot
19
Auction
10th July 2025
Rent
£30,375 per Annum Exclusive
Status
Available
Guide*
£400,000
Auction Venue
Live Streamed Auction

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Freehold Retail and Residential Ground Rent Investment

Let to a sushi restaurant on a new 7 year lease (no breaks) t/a Sushi Ya Express
Popular and highly affluent South West London suburb
Includes 3 flats on the upper floors let on long leases
Nearby occupiers include Waitrose, Gail's, Pizza Express, Caffe Nero, Superdrug
VAT free investment

Lot 19
Auction 10th July 2025
Rent £30,375 per Annum Exclusive
Status Available
Guide* £400,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 6.5 miles south west of Central London
Roads: A205, A305, M4
Rail: Mortlake Railway Station (Direct to Waterloo in 23 mins)
Air: London Heathrow Airport

Situation

East Sheen is an affluent, desirable and densely populated South West London suburb some 2 miles east of Richmond and 2 miles west of Putney. The property is situated on the south side of Upper Richmond Road West (A205), in a busy position close to its junction with Sheen Lane. Nearby occupiers include Waitrose, Gail's, Pizza Express, Caffe Nero, Superdrug, several independent pubs as well as an eclectic mix of retailers and restaurants.

Tenure

Freehold.

Location

Miles: 6.5 miles south west of Central London
Roads: A205, A305, M4
Rail: Mortlake Railway Station (Direct to Waterloo in 23 mins)
Air: London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a restaurant/takeaway arranged on the ground and basement floors benefitting from a rear yard, with three separately accessed flats on the upper floors, each let on a long lease.

VAT

VAT is not applicable to this lot.

Note

As to the residential flats, the tenants have been served notice pursuant to Section 5B of the Landlord and Tenant Act 1987. The tenants have not responded to the notice within the timeframe (or not at all). Therefore, the tenants are not able to exercise their rights of pre-emption on this sale.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

Note

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m (3)	Floor Areas Approx sq ft (3)	Tenant	Term	Rent p.a.x.	Rent Review
Ground Basement	Retail Ancillary	55.98 43.90	(602) (472)	WETLAND LIMITED with a personal guarantee t/a Sushi Ya Express (1)	7 years from 25/10/2024 (2)	£30,000	25/10/2028
First Second	3 x flats	-	-	INDIVIDUALS	Let on 3 x leases each for a term of 125 years from 29/09/2011	£375
Total Approximate Commercial Floor Area		99.88	(1,074)			£30,375

(1) www.sushiyaexpress.co.uk
(2) A side letter is attached to the lease giving the tenant an option to extend the lease for a further 5 years. Please see the lease for further details.
(3) The commercial floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.