The property comprises a newly-developed mixed-use scheme comprising ground & part first floor commercial accommodation and 20 self-contained apartments arranged across first to fourth floors. The property has two central cores with lift and stair access to all floors within the residential areas.
The residential element comprises 2 x studios, 7 x 1 beds and 11 x 2 bedroom flats, which all benefit from external terraces.
The property benefits from a private car-park utilising a stacker system to increase parking provision. We understand that the property benefits from 15 car parking spaces (7 spaces + 8 stacker spaces). We understand that 5 spaces have been sold with the commercial element of the property, resulting in 10 spaces remaining available.
Location
The property is located on the eastern side of Sandycombe Road, to the north of Manor Circus Roundabout within the London Borough of Richmond upon Thames.
Richmond town centre is located approximately 1.5 kilometres (1 mile) south west of the property, and benefits from an extensive range of shops, bars and restaurants as well as expansive green spaces and recreational facilities.
The Royal Botanical Gardens, Kew can be accessed approximately 0.65 km (0.4 miles) to the north west of the site, whilst Richmond Park, London’s largest Royal Park, lies approximately2.2 km (1.4 miles) to the southeast.
Accommodation
Total - 14,030 sq ft (1,303 sq m)
See attached brochure for more information.
Terms
EPC Rating – We understand that each unit benefits from EPC Rating of B. Copies of EPCs are available within the dataroom.
Council Tax – We understand that the property has not yet been assessed for Council Tax however prospective purchasers should rely on their own enquiries.
Planning – There are a number of relevant planning permissions applicable to the site. The main consent is REF: 16/4890/FUL and subsequent discharges / amends. We would advise all parties to rely on their own enquiries to satisfy themselves in relation to the planning permission relating to the site.
New-Build Warranty – We understand that the residential units benefits from the residual of a BLP 10-year warranty. The policy was issued on 03 November 2022.
As this is a sale by Receivers, any information provided is without warranty and any prospective purchaser should make their own enquiries.
Service Charge – We understand that there is a service charge payable to the Freeholder from the commercial units. Amount to be confirmed. Management and control over the service charge is retained within the Freehold as none of the residential units have been sold.
Tenure – The property is held on a single title (SGL399827). We understand that the commercial element of the building including 5 car spaces has been sold off on a 999 year lease at a peppercorn rent.
Method of Sale – The property will be sold by way of informal tender (unless sold prior). Offers are sought for the freehold interest.
Dataroom – The dataroom contains relevant information including floorplans, title documents and other associated documentation.
Access to the dataroom is available by request.
Legal Costs – Each part is to be responsible for their own legal costs incurred throughout the transaction.
Specification
- Freehold
- 20 self-contained private units (no affordable)
- Combined Net Sales Area of 14,030 sq. ft.
- 2 x Studios, 7 x 1 beds, 11 x 2 beds
- Commercial Units on Ground Floor not included in the sale
- Car-park with stacker system
- Approximately 400 metres (0.25 miles) north of North Sheen National Rail station
- Richmond town centre is located approximately 1.5 kilometres (1 mile) south west of the Property