Freehold Retail/Residential Investment
Freehold Retail/Residential Investment
The attractive and highly affluent suburb of Barnes is situated in the Royal Borough of Richmond Upon Thames and benefits from extensive frontage to the River Thames. The popular Barnes High Street accommodates an eclectic mix of fashion retailers and high end restaurants. The property is situated on the south side of the High Street, fronted by a bus stop, with nearby occupiers including Pizza Express, Cafe Nero, Real Cheese Shop and Strada.
Freehold.
The attractive and highly affluent suburb of Barnes is situated in the Royal Borough of Richmond Upon Thames and benefits from extensive frontage to the River Thames. The popular Barnes High Street accommodates an eclectic mix of fashion retailers and high end restaurants. The property is situated on the south side of the High Street, fronted by a bus stop, with nearby occupiers including Pizza Express, Cafe Nero, Real Cheese Shop and Strada.
Freehold.
The property comprises a double fronted retail unit on the ground floor and benefits from a large basement. In addition, there is a large modern office extension to the rear. The first floor comprises of two 2 bedroom flats, the second floor comprises two 1 bedroom flats and the property benefits from rear access and car parking via Stanton Road.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a double fronted retail unit on the ground floor and benefits from a large basement. In addition, there is a large modern office extension to the rear. The first floor comprises of two 2 bedroom flats, the second floor comprises two 1 bedroom flats and the property benefits from rear access and car parking via Stanton Road.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground | Retail and Office | 136.66 sq m |
(1,471 sq ft) |
RAISESUBMIT LTD (t/a Bazar) |
20 years from 01/05/1996 | £42,000 (1) (2) | 2012 |
| Basement | Storage | 29.69 sq m |
(319 sq ft) |
||||
| First | Residential, 2 x two bed flat (3) |
93.60 sq m |
(1,008 sq ft) |
INDIVIDUAL | Two 99 year leases from 25/03/1975 (4) |
£526.00 | 2074 |
| Second | Residential, 2 x one bed flat |
86.20 sq m |
(928 sq ft) |
INDIVIDUAL | Two 99 year leases from 25/03/1975 |
£382.00 | 2074 |
| Totals | 346.15 sq m |
3,726 sq ft |
£42,908 | ||||
(1) The tenant of the shop is currently benefiting from a personal concession, reduced to £21,000 pax.
(2) The rent deposit in respect of the shop has been used by the Seller to cover the non payment of rent.
(3) In accordance with S.5B of the Landlord and Tenant Act 1987, Notices were served on the residential lessees.
(4) The lessee of Flat 8B (first floor) has made a claim for a new lease pursuant to the Leasehold Reform Housing and Urban Development Act 1993 and this claim is ongoing.
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