Richmond - 55-56 George Street and 2-8 Brewers Lane
Richmond is a busy and popular commercial business centre with a flourishing retail offer encompassing an extensive array of mass market and specialist retailers which attracts a significant number of tourists and visitors. The compact nature of the town centre means there is little threat to the existing retail offer from new, large scale developments and Richmond is forecast to see a significant above average percentage growth in comparison spending by 2021.
Richmond’s prime retail activity is focused on George Street with House of Fraser anchoring its southern end with other notable retailers represented including M&S, H&M, Topshop/Topman, Boots, Tesco, WH Smith, Anthropologie, Reiss, Massimo Dutti, Gant, Jo Malone, Molton Brown, Crew, Office and Links.
The pitch at the top end of George Street is increasingly synonymous with high end retailers and food operators including Whole Foods, Tesco, Pret a Manger, Leon, Itsu, Joe & The Juice , Lulu Lemon and Sweaty Betty.
Occupying a 100% prime pitch, the premises are known as 55/56 George Street and 2/8 Brewers Lane and are arranged on basement, ground, first and second floors. The ground floor, part first and second is occupied by the head tenant and trades as N. Courlander Jewellers. The remainder of the premises, parts first, second and basement has been sublet to WT Skin accessed via an entrance to the left hand side of the George Street elevation at ground floor level. The building benefits from a prominent return frontage onto Brewers Lane, which acts as a busy cut through to The Green, where a number of pubs, dwellings and offices are located. The property is located within the Central Richmond Conservation Area.
The property is entirely let to Whibleys The Jewellers Ltd t/a N Courlander Jewellers.
Current Rent PAX
£2,225,000 (Subject to Contract and exclusive of VAT )
4.25% - net initial yield
MISREPRESENTATION: These particulars do not constitute an offer or contract. They are intended as a guide to prospective purchasers. All reasonable care has been taken in the preparation of these particulars but their accuracy is not guaranteed. The purchaser should satisfy himself and as to the correctness of these details, Neither the agents nor the vendor or lessors are to be or become under any liability or claim in respect of these particulars. These particulars are supplied on the understanding that all negotiations are conducted through this office.