Summary

Property Type Investment
Tenure For Sale
Size 2,947 sq ft
Price Offers in the region of £1,300,000
Rates Payable Upon Enquiry
EPC Rating This property has been graded as C (62)
  • New lease granted on restaurant producing £52,500 per annum
  • Residential upper parts producing circa £49,800 per annum
  • Freehold or Company Sale (Company owns additional 580 sq ft residential house locally)
  • Asking £1,300,000 which shows a net yield of 7.52% after estimated purchasers costs (if rent free topped up).

About

An income producing mixed use freehold investment with the benefit of a new lease to a restaurant on the commercial element and residential upper parts. This is an opportunity to own a marketable

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Accommodation

NameSizeRentTotal year
Ground - Let 798 sq ft £52,500 /annum £52,500
Lower Ground 794 sq ft - -
1st - Studio Flat 161 sq ft £800 /month £9,600
1st - Flat 2 484 sq ft £1,450 /month £17,400
2nd - Flat 3 710 sq ft £1,900 /month £22,800
Total£102,300

Location

Kew Road became the established location for restaurants in Richmond during the twentieth century. This part of Kew Road is a short walk to Richmond Station (National Rail, District and Mildmay Lines) and is well situated on the edge of a residential neighbourhood as well being close to The Royal Botanic Gardens (UNESCO World Heritage Site attracts 2.1m visitors a year). Neighbouring businesses include: Tesco, The Shaftesbury Pub (Youngs), Four Regions, Chatora, Mignonette, Treviso and Base Face Pizza.

Get directions from Google Maps

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Further Information

  • Viewings

    Inspections maybe arranged through Martin Campbell.

  • Terms

    Freehold for sale by way of private treaty subject to contract.