Franklin Commercial

Address

210 Upper Richmond Road West
East Sheen
SW14 8AH

Location

Located on the popular Upper Richmond Road West, which forms part of the South Circular, with its eclectic mix of interesting shops, restaurants & cafes. There is a public car park close by and some metered street parking. Mortlake Station is within easy walking distance.

Description

Sale and Lease back Investment in affluent and busy location.

Freehold Guide Price £1,175,000. Total income £67,360.00.

We understand VAT is not applicable.

Our clients have run a successful restaurant from the property since 1991. Valentina has another business in East Sheen and a restaurant in Weybridge also.

The building is arranged to provide a restaurant at ground floor and basement, plus a one bedroom flat to the first floor and a studio flat on the top floor. The flats are accessed from the rear of the building.

The ground floor measures approximately 1150 sq ft and the basement 200 sq ft.
We have not had full access to the upper floors at the time of publishing, but understand the first floor measures circa 500 sq ft and top floor studio circa 400 sq ft.

The AST rents for the flats are;
First Floor Flat: £1100 pcm.
Second Floor Flat: £1180 pcm.

Our client will take a lease back on the ground floor and basement at a commencing rent of £40,000 p.a.

Please view only by appointment.

The shop has an EPC rating of band D. Flat A band C, and Flat B band D.

General Information

Tenure: Freehold

Price/premium: £1,175,000

Legal fees: Each party to bear their own

Features

Close to many multiples
Densely populated area
Early viewing recommended
Excellent trading location
High street location
Mixed use investment

Map

Important Notice

Information supplied by franklin commercial is intended as a general guide only & should always be verified by you prior to contract (we do not usually inspect leases/service charge accounts etc or test any amenities/services). We do not guarantee the accuracy of approximate measurements/areas quoted, plans or any other information, which may have been supplied to us by Clients. Our descriptions do not form part of any contract and nothing is included unless it is in the solicitors contract for sale. All inspections/negotiations must be conducted through us & information should not be transmitted to 3rd parties. Under no circumstances may a direct approach to the business, vendor or lessee be made - staff are usually unaware of a proposed sale. Rents/Prices quoted are always exclusive of V.A.T. (if applicable).