Richmond - 48/49 George Street

Location:

Richmond Upon Thames is one of London's most popular and affluent boroughs and is a highly sought after residential destination for young professionals and families who are attracted to its rich history, royal connections, extensive parkland, architecture and amenities.  Tourism generates an estimated total annual economic benefit of £469 million drawing an average of 4.5 million visitors every year.

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 can be reached in approximately 45 minutes by car.

 

  • Situation

    The subject property is prominently situated in a 100% pitch on the prime section of George Street, directly opposite a Tesco Metro food store.  Other major retailers adjoining and in the vicinity include GAP, Massimo Dutti, Russell & Bromley, Holland & Barrett, Crew, Office, Pret-a-Manager, Leon, Accessorize, Joe & The Juice, Itsu and Whole Foods.

  • Description

    The subject property comprises two attractive buildings fronting George Street including well configured ground floor retail units with three, self-contained, residential flats above 49 George Street.  The upper floors above the retail unit at 48 George Street form a 'flying freehold' and are part of the adjoining 'Gap' premises.

    The retail units are arranged over ground floor only and currently trade as Zara Home and TM Lewin.

    The three residential flats situated on the first, second and third floors above the Zara Home have separate access fronting onto George Street.  All three flats are let on Assured Shorthold Tenancies.  Each flat benefits from two bedrooms, an open plan living room/kitchen, bathroom and an en-suite shower room.  Each flat also has a small remote storage cupboard at 4th floor level.

    The property is located within the Central Richmond Conservation Area.

  • Tenure

    Freehold.

  • Current Rent PAX

    376,939

  • ERV

    350,950

  • Service Charge

    Further information is available upon request.

  • Price

    £8,570,000 (Subject to Contract and exclusive of VAT )

  • Yield

    4.31%

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
Patrick Over
Simona Malinova