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For Sale£4,250,000.00

1 Richmond Way

Other, Residential, Other Property Types & Opportunities
Property type: Other, Residential, Other Property Types & Opportunities
Tenure: For Sale Freehold
Price: £4,250,000.00
Location: UNDER OFFER 1 Richmond Way, London, W12 8LQ
An Attractive period building which has been recently refurbished to a high specification, the building has a gross internal area (GIA) of 7,718 sq ft (717 sq m).
The residential apartments have a net internal area (NIA) of 6,567 sq ft (610 sq m) and the commercial unit has a NIA of 2,551 sq ft (237 sq m). Figures quoted exclude areas under 1.5 metres.

The property comprises a residential led, mixed-use, period building arranged over lower ground, ground and three upper floors, extending to a GIA of 7,718 sq ft (717 sq m). The residential apartments have a NIA of 6,567 sq ft (610 sq m) and the commercial unit has a NIA of 2,551 sq ft (237 sq m). The figures quoted exclude areas under 1.5 metres.

The large corner plot gives it a prominent frontage in a desirable residential area in Shepherd’s Bush. It also benefits from period features, including stucco rendering around the ground floor, impressive ceiling heights at first floor level and decorative detailing beneath the dormer roof.

The property was fully refurbished in September 2017 to provide six high specification residential apartments and one commercial unit. The apartments
are arranged on the upper floors and the commercial unit on the lower ground and ground floors.

All the apartments are fully self-contained and comprise four x two bedroom apartments and two x three bedroom apartments, ranging from 535 sq ft (50 sq m)
to 997 sq ft (93 sq m). Four apartments are let on ASTs and two apartments are let on short term tenancies, producing an income of £164,580 per annum.

The commercial unit is let to Tuner Pock, who are an interior design business. It is let on a 15 year term fully repairing and insuring (FRI) lease for £55,000 per annum, which commenced in February 2018. The unit extends to a 2,300 sq ft (214 sq
m) and is arranged over the lower and ground floors. The gross income across the building is £219,580 per annum.

Central London location with excellent transport links, with Shepherd’s Bush (Central Line, Overground and National Rail), Shepherd’s Bush Market (Circle and Hammersmith & City Lines) and Goldhawk Road (Circle and Hammersmith & City Lines) all within 0.4 miles (0.6 km) of the property.

There are extensive amenities throughout the area, including Westfield London shopping centre, Shepherd’s Bush Market and Shepherd’s Bush Empire music venue.
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