The premises forms part of an attractive nineteenth century terrace parade which includes a number of quality restaurants notably Chatora (Michelin Starred Indian), Raitakrai (Thai), Four Regions (Chinese) and Rock & Rose (fusion).
The property is approached via a modern glazed frontage and comprises an imaginatively arranged split level unit on ground and mezzanine floors with metal interlinking staircases. The premises benefit from WC and shower and a rear access from Evelyn Gardens.
The property falls within planning use Class E (Commercial, Business and Service) and therefore would suit a variety of occupiers and uses including offices, retail, restaurant, medical and estate agency.
The residential upper parts are sold off on long leases and are accessed via their own independent entrance.
Location
98 Kew Road is situated on the A307, close to Richmond Circus and being located 8 miles South West of Central London. The premises benefits from excellent road connections with Heathrow Airport just 12 miles away.
Richmond Station is approximately a 150 metre walk, with the Mainline Station providing direct trains to Waterloo (up to 8 trains an hour) with the quickest journey being just 18 minutes with regular services outwards to Windsor and Reading. The Station also provides Underground services to Central London (District & Circle Lines).
Accommodation
Ground Floor - 1,342 sq ft (125 sq m)
Terms
Tenure - Freehold.
Title - The property is held freehold Title No. 5Y322237.
Tenancies - The upper floors are sold off on long leases. Flat 2 is for a term 189 years from 1st January 1987. Title No. TGL441415. Flat 2A is for a term of 99 years from 1st January 1987, circa 61.5 years remaining Title No. SGL502167.
EPC - The ground floor has an EPC rating of C.
Rates - The ground floor is rated as shop and premises and has a rateable value of £27,250.
VAT - The premises are VAT elected.
Proposal - The Vendors are seeking offers of £710,000 exclusive of VAT for the freehold interest of the entire premises.
Legal Costs - Each party to bear their own legal costs.
Anti-Money Laundering - If applicable, a successful purchaser/tenant will be required to provide the usual information to satisfy AML requirements when Heads of Terms are agreed.
Specification
- A rare Freehold opportunity to acquire a well-appointed creative space in the heart of the affluent Borough of Richmond.
- Of interest to investors and owner occupiers.
- The premises forms part of an attractive nineteenth century terrace parade which includes a number of quality restaurants notably Chatora (Michelin Starred Indian), Raitakrai (Thai), Four Regions (Chinese) and Rock & Rose (fusion).
- The property is approached via a modern glazed frontage and comprises an imaginatively arranged split level unit on ground and mezzanine floors with metal interlinking staircases. The premises benefit from WC and shower and a rear access from Evelyn Gardens.
- The property falls within planning use Class E (Commercial, Business and Service) and therefore would suit a variety of occupiers and uses including offices, retail, restaurant, medical and estate agency.
- The residential upper parts are sold off on long leases and there is an opportunity to extend one of the leases.
- The premises may suit change of use to residential (STPP).
- The Vendors are seeking a price of £710,000 plus VAT for the freehold interest, which equates to a an affordable capital value of £529 per sq ft.