Investment
GROUND FLOOR AND BASEMENT
RENTAL INCOME £42,500 PA RISING TO £45,000 PA FROM 14TH JULY 2024
- LONG LEASEHOLD INVESTMENT
- REPRESENTING A YIELD OF 9%
The property comprises a former bank
premises laid out over ground floor and
basement levels.
The property is occupied and fitted as a
physiotherapy and pilates studio and as a
former bank retains many original features
including a double height ceiling.
For further details of the existing tenants,
please see their web site www.coreldn.com
OCCUPATIONAL LEASE
Granted to Core Physiotherapy and Pilates
Limited for a term of 10 years from 14th
July 2022. Rent review 14th July 2027.
A copy of the lease is available upon
request.
RENTAL INCOME
£42,500 per annum rising to £45,000 per
annum from 14th July 2024.
EPC Rating: D85
Location
The property is located on Upper
Richmond Road West (A205 South Circular
Road) on the corner of Richmond Park
Road.
Mortlake Railway station is under half a
mile and for road communications, access
to the A316 is just under 1 mile.
Accommodation
The property has the following approximate
net internal floor areas:-
Ground Floor 80 SQ. M (861 SQ. FT)
Basement 44 SQ. M (474 SQ. FT)
TOTAL 124 SQ. M (1335 SQ. FT)
Floor plans available on request.
Rates
2023 Rateable Value: £34,250
Terms
New 999 year lease, subject to the
occupational lease as set out below.