VIRTUAL FREEHOLD INVESTMENT
- NEW 10 YEAR LEASE TO CHESTERTONS GLOBAL LTD
- CURRENTLY LET AT £17,500 PER ANNUM. RENT REVIEW 2021.
The property comprises the ground floor
only of a three storey, mid terraced, period building which provides an estate agents office. The unit is newly refurbished and it is a rare opportunity to acquire a shop in this affluent area. We understand the tenant will be fitting out the property shortly.
EPC Rating: C58
The property is located in on the north side of Lower Richmond Road, close to its
junction with Gladwyn Road in Putney, South West London. The property benefits from pay and display customer parking at the front and on Gladwyn Road.
The property forms part of an established busy local parade with high footfall and
is located approximately 550m from all the amenities of Putney High Street and less than 280m from the River Thames. There is a Sainsbury's Local opposite the property with other nearby occupiers including estate agents, local cafes, Half-Moon pub and
restaurants. Putney Bridge Underground Station is within walking distance to the East.
The ground floor has an approximate gross internal floor area & dimensions of:
Gross Frontage 5.25 m (16' 10")
Net Frontage 3.75 m (12' 4")
Shop Depth 9.3 m (30' 6")
Built Depth 10.6 m (34' 9")
Ground Floor 33.65 sq m (362 sq ft)
Virtual Freehold (999 years from
completion) at a peppercorn ground rent subject to the occupational lease to
Chestertons Global Ltd (t/a Chestertons
Estate Agents) for a term of 10 years from 12th July 2016. The current rent is £17,500 per annum. The lease provides for rent
reviews every fifth year of the term and
contains full repairing and insuring terms. There is a tenant break option at the end of the seventh year, on 6 months notice.