Investment.

Richmond.

55/56 George Street & 2-8 Brewers Lane, TW9 1HE

Map View

Status.

Sold on 01/05/2018

Price.

£2,400,000 (Subject to Contract)

Location.

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.

Description.

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.

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Rent.

£95,000.00 per annum exclusive

Tenure.

Freehold

Yield.

3.7% NIY

Share.

All viewings are strictly by prior appointment.

Patrick Over.

Associate Partner | Investment

Ed Smith.

Partner | Investment

What Our Clients Say.

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Aberdeen Standard

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DTZ Investors

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