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196 Upper Richmond Road West
East Sheen
SW14 8AN

New instruction
Size 608 sq ft (56.51 sq m)
Lease / Term The property is let to ABC-OT LTD on a 5 year lease with a tenant only break at the end of year 2 at a rent of £22,000 per annum. The flat is subject to a 99 year lease granted in 1998; ground rent is £100 per annum and increases by £100 every 25 years.
Price £350,000 (6.14% NIY)
Rates The rateable value of the property is £18,131.
VAT VAT is not applicable
Two-storey mid-parade mixed use property comprising a sold off residential flat and a single unit lock-up shop currently arranged on one level with a private meeting room, kitchenette and WC to the rear. The commercial unit, which is currently let to a business specialising in occupational therapy for children, has a good internal layout and generous display frontage.
The South Circular is a busy thoroughfare with a high number of residential properties in the area. It offers a varied selection of shops and restaurants and benefits from direct transport links to Waterloo from Mortlake and Barnes Stations. The property occupies a favourable position on the high street with high footfall.

Accommodation

The sold off residential element comprises 2 bedrooms, reception, kitchen and bathroom with WC. A garage at the rear is also demised with the flat.

Floor Size
Commercial Unit - ABC-OT LTD 633 sq ft (58.83 sq m)
Total 633 sq ft (58.83 sq m)

Amenities

  • Well let
  • Very marketable commercial unit
  • Busy retail pitch
  • Affluent area
  • Highly visible
  • 6.14% Net Initial Yield