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Agent's details

58-60 Richmond Road, Twickenham - Freehold Retail Investment For Sale

For sale: £850,000.00|2,407 Sq Ft|Retail

Property details

FOR SALE£850,000.00
SIZE2,407 Sq Ft
ADDRESS58-60 Richmond Road, Twickenham
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON12th June 2023


The retail unit is part of a parade of shops situated between St Margaret's and Twickenham town centres on the main road which connects Richmond and Twickenham. The property is a short distance from both St Margaret's and Twickenham rail stations which provide a frequent service to London Waterloo. Heathrow Airport is within a 15 minute drive by car and there is good road access to the M3 and M4 motorways.

The premises offers a self-contained retail unit comprising a large ground floor double shop frontage and basement. The accommodation has been extensively refurbished by the present tenant.

There is potential, subject to the existing tenant and planning consent, to construct a rear and basement two-bedroom split level flat. Similar developments have already been constructed on other units within the parade.

We are advised that the property has use class E, therefore having the benefit of several commercial uses.

The unit is currently let to Bellababy Limited on an extended effective full repairing and insuring lease for a term of 12 years from 10 April 2017 at £50,000 per annum exclusive subject to an upward only rent review in April 2022 (outstanding) and April 2027. A deposit of £25,000 is required.

The building is held on a long lease of 999 years from 29 September 2003 at a peppercorn rent.
Energy Performance Rating: B-41


Location: 58-60 Richmond Road, Twickenham

Richmond (1.4 miles)

Hounslow East (2.2 miles)

Hounslow Central (2.4 miles)

Twickenham (0.3 miles)

St Margarets (0.4 miles)

St Margarets (Gr London) (0.4 miles)

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