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18 Water Lane Richmond

For sale: POA|4164 |Residential, Office, Offices

PROPERTY DETAILS

FOR SALEPOA
SIZE4164
ADDRESS18 Water Lane, Richmond, Surrey, TW9 1TJ
TYPEResidential, Office, Offices
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON21st July 2019

DESCRIPTION

Location:
Richmond is an affluent, prosperous suburb some 8 miles South West of Central London. It enjoys excellent road communications being situated on the A316 duel carriageway which links the M3 at Sunbury to the South West and the A4 at Chiswick to the North East. Heathrow Airport lies approximately 8 miles to the north being a 30-minute drive while Richmond station provides direct access by rail to London (Waterloo) with a fast journey time of 19 minutes as well as by Underground (District Line).

Richmond is one of the most desirable locations in West London to both live and work, offering extensive transport links and retail amenities. Richmond has a thriving commercial centre attracting both local and international companies, with major occupiers including eBay, Reed Exhibitions, Graze and notonthehighstreet.

Situation:
Water Lane is a charming cobbled street that runs from the junction of Hill Street and George Street, in the heart of Richmond Town Centre, to the River Thames. The property is prominently situated at the end of Water Lane, overlooking the River and adjacent to the prestigious Richmond Riverside development.

Description:
18 Water Lane comprises an attractive brick built Victorian building which has recently been substantially
refurbished. Arranged over ground and first floors, the property consists of a large 2 bedroom flat on the
ground floor and two commercial units on the 1st floor/ mezzanine floor accessed by a separate
entrance.

The office space: The building has been fully refurbished to include air conditioning, perimeter and under
floor trunking, high-quality kitchenettes, exposed beams and separate male and female WC’s.

The residential flat: A magnificent warehouse style apartment which has been converted to provide 2 bedrooms, 2 bathrooms and 2 reception rooms.

Tenancy Schedule:
Use Tenant Size in sq ft Rent per annum Lease
Office 1 B1 Grohe Limited 1,660 £65,000 10 years from 01/11/18. Tenant only break options end of yrs 2,3,5 with 6 months written notice.
Office 2 B1 Galloway Hughes LLP 900 £40,500 5 years from 02/11/18. Mutual break on 9 months’ notice any time on/after 2/11/20
Residential C3 1,604 £48,000 AST. 2 months rolling notice.
Total 4,164 £153,500

Tenants:
Grohe Limited – Company number 00770795. Grohe is a German sanitary fittings manufacturer with its registered office in Hemer and headquarters in Düsseldorf. Since 2014, Grohe has been part of the Lixil Group. The company generated consolidated sales revenues of EUR 1.35 billion in 2017. Grohe employs about 6,000 people worldwide.

Galloway Hughes LLP – Company number OC341346. Galloway Hughes is an independent law firm and was established in 2008. Specialising in Property Law, the company operates from two offices in Richmond and Esher.

Tenure:
Freehold. Title Number – TGL278174.

VAT:
The property is elected for VAT. It is anticipated the sale will be treated as a Transfer of a Going Concern (TOGC).

EPC:
The property has the following EPC ratings:
Commercial; D - 76
Residential; D - 64
EPC reports are available.

Proposal / Price
We are instructed to seek unconditional offers in excess of £3,700,000 (Three Million Seven Hundred Thousand Pounds) subject to contract and exclusive of VAT.

Legal Costs:
Each party to be responsible for their own legal costs.


LOCATION

Location: 18 Water Lane, Richmond, Surrey, TW9 1TJ

Richmond (0.4 miles)

Kew Gardens (1.5 miles)

Hounslow East (2.3 miles)

Richmond (0.4 miles)

St Margarets (Gr London) (0.6 miles)

St Margarets (0.6 miles)

AGENT'S DETAILS

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