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Lot 2 - 120 St Margarets Road, Twickenham, TW1 2AA

Guide Price* £1,700,000 +

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Property Type
Mixed Use
Tenure
Freehold
Type
Commercial
Bidder Security Deposit
£3,500*

Property Summary

  • Freehold four floor terraced building
  • Arranged as two commercial units with upper parts previously used as a gym.
  • Close to amenities and transport links
  • Investment producing £99,740 per annum

Freehold four floor terraced building arranged as two commercial units with upper parts - Investment producing £99,740 per annum.

Description

Four storey terraced building arranged as two commercial units with upper parts previously used as a gym, conveniently located opposite St. Margaret's station.

Location

St. Margaret's is located southwest of Richmond on the A316 which runs into West London The property is situated in a mixed residential and commercial catchment area and is located opposite Amyard Park Road adjacent to St. Margaret's rail station. Further trade maybe gained from a mix of vehicular traffic and pedestrians going to and from St. Margaret's station.

Tenancy Schedule

Floor Accommodation Tenant Tenancy Rent p.a. EPC Rating
Second Two bedrooms, open plan reception room/kitchen, shower room/wc - Let on a rolling tenancy for a term of 6 months from 12/7/2023 £24,000 D
First Two bedrooms, open plan reception room/kitchen, shower room/wc - Let on a tenancy for 2 years from 27/4/2024 £24,000 C
Mezzanine Studio room, kitchen, shower room/wc - Let on a rolling tenancy for a term of 12 months from 1/2/2024 £13,140 D
Ground Two rooms David Masters Salon Let on a lease for a term of 20 years from 24/6/2009. Rent reviews every 5 years (Next review due 24/6/2024) £23,000 C
Lower Ground Two rooms, four storage rooms, rear yard Isaac's Coffee Let on a lease for a term of 15 years form 1/5/2023. Rent reviews every 3 years £15,600 C
Total rent reserved £99,740 per annum. Local Authority – The London Borough of Richmond Upon Thames - 020 8891 1411 - www.richmond.gov.uk

VAT

VAT is not applicable on this lot

Disclaimer*

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). 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 Price (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 Price.

The Guide Price for the Lot does not include the Buyers Administration Fee of £1,500 (inclusive of VAT). In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, SW Property Auctions must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (partial deposit payment) and the buyers administration fee of £1,500 (inc. VAT).

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