Property Type
Tenure
Freehold
Property description
VAT free prime London retail investment in prominent location at the junction of High Street and Upper Richmond Road. The premises comprises a five-storey building with commercial retail space on the ground and basement floors and residential accommodation above.
The ground floor premises comprises two commercial tenants, both on 15 year leases, expiring 2034 and 2036 respectively. The upper floors comprise 5 residential flats which have been sold off on long leaseholds.
Price
We are instructed to seek offers in excess of £1,000,000 (One Million Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 6.71%, after allowing or standard purchasers costs of 5.75%.
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