Freehold Retail Investment
Freehold Retail Investment
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 in a prominent position on the south side of Upper Richmond Road West (A205, London's South Circular Road), in a busy arterial route between Richmond and Putney. Nearby occupiers include Waitrose, Gail's, Tesco Express and Boots.
Freehold.
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 in a prominent position on the south side of Upper Richmond Road West (A205, London's South Circular Road), in a busy arterial route between Richmond and Putney. Nearby occupiers include Waitrose, Gail's, Tesco Express and Boots.
Freehold.
The property comprises of a retail unit on the ground floor with a separately accessed maisonette on the upper floors. The property benefits from rear service access via Coval Passage.
VAT is not applicable to this lot.
Retail - Band D Residential - Band D
The property comprises of a retail unit on the ground floor with a separately accessed maisonette on the upper floors. The property benefits from rear service access via Coval Passage.
VAT is not applicable to this lot.
Retail - Band D Residential - Band D
| Floor | Use | Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant | Term | Rent p.a.x. | Rent Review (Reversion) |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 54.60 |
(588) |
KARISMATIC BEAUTY Ltd (CRN: 14344237) |
10 years from 12/12/2023 to 11/12/2033 (2) | £17,500 |
12/12/2028 (11/12/2033) |
| First Second |
Residential | - |
- |
250 years from 01/01/2025 | Peppercorn |
||
| Total Approximate Commercial Floor Area | 54.60 |
(588) (1) |
£17,500 |
(1) The commercial floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/388097084).
(2) The lease provides a tenant option to determine the lease on 11/12/2026 and 11/12/2029 subject to 6 months written notice.
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.
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