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 Sold
Price £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
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.
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
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.
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.
