Richmond - 46/47 George Street

Location:

The town has excellent road communications.  The A307 runs directly through the town centre providing access to Kingston upon Thames, 4 miles (6.4km) to the south and ultimately the M25 (J10) via the A3. The A316 (Dual
Carriageway) is located immediately to the north of Richmond Train Station and connects with the M3 motorway circa 6 miles (9.7km) to the east.

Richmond is served by mainline South West trains which provides regular direct services to London Waterloo (8
trains per hour) with a fastest journey time of 19 minutes and Windsor and Reading, with approximate
journey times of 50 and 70 minutes respectively. The town is also served by London Underground via the
District Line.

Heathrow, the UK’s largest international airport, is located circa 11 miles (18km) to the west via the M4,
providing services to a wide variety of both domestic and international destinations. Gatwick Airport is
located 30 miles (48km) to the south and approximately 45 minutes distant by car.

  • Situation

    The subject property is prominently situated in a 100% pitch on the most sought after section of George Street, directly opposite a Tesco Metro food store. Other major retailers adjoining and in the vicinity include Zara Home, Massimo Dutti, Russell & Bromley, Holland & Barrett, Crew, Office, Preta-Manger, Leon, TM Lewin, Joe & The Juice, Itsu and Whole Foods.

  • Description

    The subject property comprises two well configured retail units and occupies the strongest pitch within the town centre. 46 George Street is secured to Accessorize and is arranged over Ground and Three upper floors. 47 George Street is secured to GAP and provides accommodation over Basement, Ground and Two upper
    floors. Part of the GAP demise forms a ‘flying freehold’ at first and second floor levels above 48 George Street (TM Lewin). The property is located within the Central Richmond Conservation Area.

  • Tenure

    Freehold.

  • Tenancy (ies)

    See attached schedule of tenancies and accommdation.

  • Current Rent PAX

    421000

  • Price

    £7,500,000 (Subject to Contract and exclusive of VAT )

  • Yield

    A net initial yield of 5.25%.

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.

All viewings are strictly by prior appointment.
Please contact:

David Freeman
Ed Smith