Withdrawn prior to auction

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A spacious 4 storey building (3670 sq ft, source EPC) ideally situated opposite St Margarets station, part of the ground floor is let producing £23,000 pa, the remainder is vacant and provides great potential for conversion to apartments.

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Description/Location

Situated in an affluent south west London suburb the property will be of interest to developers, neighbouring buildings (122-124) were recently granted change of use consent for residential conversion. The ground floor is let until 23/06/2029 with a review at 24/06/2024 and no break clauses. The lower ground floor, part of the ground floor and 2 upper floors is currently let producing £32,000 pa but the tenant has vacated. We believe these areas would easily convert into 3 self contained apartments. The lower ground floor apartment would lead directly into a private courtyard garden.

Tenure

Freehold. Energy Rating: C/59

Local Authority

London Borough of Richmond

Viewing

Please contact Elliott Network Auctions on 020 7871 0420

Accommodation

Lower Ground Floor: Hair Salon 261 sq ft, former Training Works 772 sq ft.First Floor: Hair Salon 815 sq ft, form,er Training Works 119 sq ft.First Floor: 741 sq ft. Second Floor: 591 sq ft. Outside: Courtyard.

Rent

Previously Let at £55,000 pa

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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