505/507 Upper Richmond Road West Richmond Upon Thames London SW14 7DE

505/507 Upper Richmond Road West
Richmond Upon Thames
London
SW14 7DE

Freehold Restaurant and Residential Investment

Affluent South-West London location
Established retail parade close to Richmond town centre
Includes two self-contained 2 bedroom flats with unconverted loft space
Majority let until 2027
Active management potential
Six Week Completion Available

Lot
3
Auction
8th December 2011
Rent
£54,800 per Annum Exclusive
Status
Sold
Price
£715,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Restaurant and Residential Investment

Affluent South-West London location
Established retail parade close to Richmond town centre
Includes two self-contained 2 bedroom flats with unconverted loft space
Majority let until 2027
Active management potential
Six Week Completion Available

Lot 3
Auction 8th December 2011
Rent £54,800 per Annum Exclusive
Status Sold
Price £715,000
Sector
Leisure
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 10 miles south-west of Central London, 1 mile east of Richmond
Roads: A305, A205, A316, M4
Rail: Mortlake Rail, North Sheen Rail , Richmond (District Tube, Rail)
Air: London Gatwick Airport, London Heathrow Airport

Situation

East Sheen is an affluent residential suburb 10 miles south-west of Central London located between Richmond town centre and Barnes. The area benefits from excellent road and rail access, being adjacent to the A316 and M4 motorways. The property is situated on the south side of Upper Richmond Road West (A205 - South Circular Road) within an established retail parade of shops and restaurants. Nearby occupiers include Topps Tiles and Bathstore.

Tenure

Freehold.

Location

Miles: 10 miles south-west of Central London, 1 mile east of Richmond
Roads: A305, A205, A316, M4
Rail: Mortlake Rail, North Sheen Rail , Richmond (District Tube, Rail)
Air: London Gatwick Airport, London Heathrow Airport

Situation

Tenure

Freehold.

Description

The property comprises a double fronted restaurant benefiting from an external dining area to the rear. The tenant has created a single storey extension to the dining area within No. 505.

There are two self-contained flats on the first floor each with separate entrances on Upper Richmond Road.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground	Restaurant	129.17 sq m	(1,390 sq ft)	BOUTIQUE LEISURE LTD (t/a The Naked Turtle) (1)	25 years from 09/10/2002 until 2027	£38,000	13/07/2010
First (507A)	Residential	58.46 sq m	(629 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy 1 year from 01/06/2011	£7,800 (£650 pcm)
First (505A)	Residential	63.83 sq m	(687 sq ft)	INDIVIDUAL	Assured Shorthold Tenancy 1 year from 01/06/2011	£9,000 (£750 pcm)
Totals		251.46 sq m	(2,706 sq ft)			£54,800

(1)The Naked Turtle has been trading for over 10 years and is well known for live jazz entertainment. (Source: www.naked-turtle.com)
(2) As to the residential flats the areas stated are Gross Internal Areas.