5 High Street, Hampton Wick, Kingston Upon Thames, KT1 4DA

Description



Freehold retail investment for sale with residential upper parts sold off on long leases.

Ground floor restaurant/caf� with basement/ancillary storage and three residential apartments.

Sale will be subject to the leaseholders not excursing their Rights of First Refusal following service of the formal notice at the agreed purchase price.

Subject to Contract - Updated November 2023.



Location



Retail/ Residential investment located in the affluent suburb of Hampton Wick, in the London Borough of Richmond upon Thames. The property is located on a busy high street, close to many other restaurants, pubs, and similar uses.

5 High Street benefits from great communications being within a very short walking distance of Hampton Wick Train Station (serving South Western Line) and within a short driving distance of M3 and M25, approx 10 miles from Central London.



Accommodation



Commercial - Commercial unit operating as a caf�, let to Dairo Limited for ten years from 2021 under the terms of an effective FRI lease at £24,000 pax increasing to £33,500 in Aug 2024.

Residential - Three residential apartments sold off on long leases for 125 years from 2004 each paying a ground rent of £100 pa.



Legal Costs



Each party to bear their own professional costs.



Terms



Offers in excess of £350,000 plus VAT.



1,513 sq ft



Offers in excess of £350,000



Excellent transport links



Increasing rent in 2024
( Agency Pilot Software ref: 14 )