73 Lower Richmond Road, London, SW14 7HJ
Guide Price* : £185,000 plus
RETAIL INVESTMENT
- Freehold
- Ground Floor Retail Investment
- Producing £16,200 Per Annum
- Approximately 61.68 Sq M (664 Sq Ft)
- Upper Floors Sold Off Long Leasehold
Description
The property comprises three storey mid terrace accommodation with retail at ground floor and a residential flat to the upper floors which has been sold off long leasehold.
The ground floor retail unit comprises retail, beauty room, store and kitchen at ground floor level and is approximately 61.68 sq m (664 sq ft).
Location
The property is located on Lower Richmond Road in Mortlake, a mixed-use area within the London Borough of Richmond upon Thames. The surrounding area includes residential properties, local shops, cafes, and services, offering a well-connected urban setting.
Mortlake railway station is approximately 0.2 miles away, providing regular services to London Waterloo in around 25 minutes. The A205 South Circular Road is approximately 0.5 miles south, and the A316 is around 1 mile west, offering direct access to the M3 motorway at Junction 1, approximately 8 miles away. Central London is about 9 miles to the northeast, depending on the route.
The location offers convenient access to local amenities including supermarkets, schools, and recreational areas such as the Thames Path and Richmond Park.
Tenure
The property is held Freehold under Title Number SGL261636.
Tenancy
The ground floor is is occupied under a Licence to Occupy from an original license agreement dated 1 February 2003. The current rent is £1,350 PCM (£16,200 Per Annum).
73a has been sold off on long leasehold for a term of 189 years from 15 March 1987.
Planning Authority
London Borough of Richmond upon Thames - https://www.richmond.gov.uk/planning
Bidder Registration
Registration for bidding will close at 2:00 pm the day before the auction, after which we cannot guarantee giving you permission to bid at the auction.
VAT
Refer to the legal documentation
Energy Performance Certificate
C:51
Accommodation
LSH has not inspected internally and the measurements have been provided by the Joint Agent.
Address | Accommodation | Sq M | Sq Ft |
---|---|---|---|
Ground Floor | Retail | 40.87 | 440 |
Ground Floor | Beauty | 8.45 | 91 |
Ground Floor | Store | 5.01 | 54 |
Ground Floor | Kitchen/Staff Room | 7.34 | 79 |
Total Net Internal Area | 61.68 | 664 |
Joint auctioneers
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
** If you take up this service, Dynamo may pay a referral payment of up to 20% of the procuration fee received by Dynamo from the relevant lender on completion of the mortgage to us. This is not paid by you and has no impact on the service provided. Dynamo is a trading name of Dynamo Mortgages Limited, which is part of the same group of companies as Lambert Smith Hampton, owned by Connells Limited.
If you take up this service you will agree your own separate contract with Dynamo, and Lambert Smith Hampton is not responsible for the accuracy, quality or suitability of any advice, recommendations or services provided to you.
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Joint Agent
Legal Documents
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Additional Documents
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Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including LSH Property Auctions, and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
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