Retail unit let until 2033 with a personal guarantee
Highly Affluent and Popular London Suburb
Approximately 120 metres from Richmond Bridge
Less than 1/2 mile from Richmond's Town Centre
VAT Free Investment
Neighbouring occupiers include Lidl, Richmond Leatherworks, Richmond Cycles, Royal Deer Park Ride and an eclectic mix of local businesses
Lot 1
Auction 10th July 2025
Rent £24,000 per Annum Exclusive
Status Available
Guide* Contact Us
Sector Retail, High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
7 Miles South-West of Central London, 35 miles East of Reading
Roads
M3, M4, A316, A307
Rail
St Margarets (London) Railway Station, Richmond Underground Station (District Line), National Railway
Air
London Heathrow Airport
Situation
The property is prominently situated on the south side of Richmond Road between Cambridge Road and Cresswell Road, approximately 120 metres south of Richmond Bridge. The locality is a predominantly affluent residential area with Richmond Road forming a thriving neighbourhood retailing quarter, with an eclectic mix of fashionable local retailers and restaurants.
Tenure
Virtual Freehold. Held for a term of 999 years from Completion of the Sale at a fixed peppercorn rent. The Freehold interest is available by separate negotiation subject to serving notices pursuant to s.5A of the Landlord and Tenant Act 1987.
Location
Miles
7 Miles South-West of Central London, 35 miles East of Reading
Roads
M3, M4, A316, A307
Rail
St Margarets (London) Railway Station, Richmond Underground Station (District Line), National Railway
Air
London Heathrow Airport
Situation
The property is prominently situated on the south side of Richmond Road between Cambridge Road and Cresswell Road, approximately 120 metres south of Richmond Bridge. The locality is a predominantly affluent residential area with Richmond Road forming a thriving neighbourhood retailing quarter, with an eclectic mix of fashionable local retailers and restaurants.
Tenure
Virtual Freehold. Held for a term of 999 years from Completion of the Sale at a fixed peppercorn rent. The Freehold interest is available by separate negotiation subject to serving notices pursuant to s.5A of the Landlord and Tenant Act 1987.
Description
The property comprises an attractive lock up retail accommodation on the ground floor. The property forms part of a larger mixed-use building with 4x self-contained flats on the upper floors. The property benefits from a comprehensive refurbishment programme undertaken by the Seller in 2023,
VAT
VAT is not applicable to this lot.
EPC
B
Description
The property comprises an attractive lock up retail accommodation on the ground floor. The property forms part of a larger mixed-use building with 4x self-contained flats on the upper floors. The property benefits from a comprehensive refurbishment programme undertaken by the Seller in 2023,
VAT
VAT is not applicable to this lot.
EPC
B
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review (Reversion)
Ground
Retail
29.20
(314)
INDIVIDUAL (T/A STUDIO ONE BODEGA)
10 years from 05/09/2023
24,000
05/09/2028 (14/09/2033)
Total Approximate Commercial Net Internal Floor Area
29.20 (1)
(314) (1)
24,000
(1) The floor areas stated above is the Net Internal Area published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/278476084).
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.
