TypeRetail Investments · Ground Rents
TenureFor sale
VAT free prime London retail investment in prominent at the junction of High Street and Upper Richmond Road.
The premises comprises a five-storey building with commercial retail space on the ground and basement floors and residential accommodation above.
The ground floor premises comprises two commercial tenants, both on 15 year leases, expiring 2034 and 2036 respectively.
The upper floors comprise 5 residential flats which have been sold off on long leaseholds.
We are instructed to seek offers in excess of £1,000,000 (One Million Pounds) subject to contract and exclusive of VAT.
A purchase at this level reflects a Net Initial Yield of 6.71%, after allowing or standard purchasers costs of 5.75%.
The property is not elected for VAT
WAULT in excess of 9.7 years to expiry
Combined Total Rent of £71,000 per annum
The subject premises are situated within a busy High Street parade of shops on Upper Richmond Road, close to the junction of the High Street with Upper Richmond Road, part of the South Circular A205. This intersection experiences a high volume of traffic. The property is within 100 metres of Putney Station and benefits from good footfall flowing from the station towards Upper Richmond Road. The redevelopment of Dial House, completed in Q4 2025 and located directly opposite the property, has delivered approximately 35,000 sq.ft. of Grade A office accommodation, enhancing this section of Upper Richmond Road and increasing local footfall. The property is close to The Railway Tavern Pub, Kokoro, Mail Box, Foxtons Estate Agents, Tesco Express, Barnard Marcus Estate Agentsand the recently opened Screwfix.