Investment.

Richmond.

48-49 George Street, TW9 1HJ

Map View

Status.

Sold on 01/09/2018

Price.

£8,470,000

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.

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’ above 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.

Rent.

£376,939.00 per annum exclusive

Tenant(s).

Zara Home & TM Lewin

Tenure.

Freehold

Yield.

4.31% NIY & £850 psf on Residential Element

Share.

All viewings are strictly by prior appointment.

David Freeman.

Partner | Investment

Patrick Over.

Associate Partner | Investment

Ed Smith.

Partner | Investment

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