For SaleLand in Upper Richmond Road West, Mortlake, SW14£350,000
Property Type
Land
Bedrooms
× 0
Tenure
Leasehold
Price
£350,000
Stage
Under Offer
Resources
Description
A superbly positioned ground floor Class E use commercial property in prime East Sheen. Excellent footfall and 2 mins away and same street side as Waitrose. In good condition and fitted out as a hairdressing and beauticians. Whole building very recently refurbished. Situated above are three residential units which are also available for sale. Current rent producing Ł26,000pa on a new 10-year lease. This property is perfectly situated, close by to Mortlake Station with fast train access to Central London and represents a superb long term investment, where upwards only rents through recessions have always occurred. A new lease of 125 years is to be offered at no extra cost to the buyer and the freehold for the entire building is available for purchase. GIY (Gross Investment Yield): 7.43%