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Shop & Two Flats for Sale in East Sheen

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Retail & Residential Investment, 337 Upper Richmond Road West, East Sheen, SW14 8QR

1,730 Sq Ft / Retail / Investment

For Sale - £975,000.00

Available - Last updated: 18 September 2024

We are pleased to offer this Freehold investment comprising a ground floor self- contained shop and two flats.

The shop is well-presented throughout with access from the front and rear, and is currently let to 'Shelter' who have occupied the unit since 2011. The shop measures approximately 55 sq meters and has a toilet facility to the rear. The previous rent was £17,500 p.a but this was reduced by our clients at the start of the pandemic to £12,000 p.a. We therefore view the shop as currently under rented. 

On the first floor there is a one bedroom flat measuring approximately 41 sq meters, which is let on an AST agreement at £18,000 p.a. for two years from 26/4/24. The second flat is split level and measures approximately 65 sq meters- the AST agreement on this flat has been extended for one year from 24/9/24 at a rent of £19,560 p.a. Both flats are accessed from an attractive gated passageway to the rear of the building.
 
Early viewings recommended, by appointment through Franklin Commercial only, please do not disturb the tenants.

Location

Located on the popular Upper Richmond Road West amid an eclectic mix of interesting shops, restaurants & cafes - public car park and metered street parking close by. Mortlake Station is within easy walking distance.

Accommodation

Size - 1,730 sq ft

Terms

Tenure: Freehold
 
Price/premium: £975,000
 
Legal fees: Each party to bear their own
 
Rateable value: The VOA website states a rateable value of £13,500, payable at the prevailing rate.
 
Lease details: Ground floor shop - 5 year lease granted from July 2020 inside the Landlord and Tenant Act '54. There was a tenant option to break in July 2022, which was not exercised. Both flats let on AST agreements, one at £18,000 p.a. and the other at £19,560 p.a.

Specification

  • Close to many multiples
  • Favoured location
  • Mixed use
  • Public car park nearby
  • Close to station

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £975,000.00 NA

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Agency Team

Franklin Commercial

020 3151 5476

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