Sold after auction for an undisclosed amount

An attractive 4 storey freehold building (3670 sq ft, source EPC) with development potential. Part of the ground floor is let producing £23,000 pa, the remainder is vacant and offers potential for conversion to 2 x 2 bedroom and 1 x 1 bedroom apartments subject to planning.

Description/Location

Situated in an affluent south west London suburb and opposite St Margarets station, the neighbouring buildings (122-124) were recently granted change of use for residential conversion. Part of the ground floor is let until 23/06/2029 with a review in 2024 and no break clause. The lower ground floor, part of the ground floor and 2 upper floors are vacant and presented in good order. The lower ground floor space provides access to 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, vacant parts 772 sq ft. Ground Floor: Hair Salon 815 sq ft, vacant parts 119 sq ft. First Floor: Vacant, 741 sq ft. Second Floor: Vacant, 591 sq ft. Outside: Courtyard.

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Virtual Tour 120 St Margarets Road

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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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.