Sheen Lane, Mortlake SW14 8LW
Offers in excess of £850,000
The existing property comprises a 3-storey mid terrace building which contains a ground floor (plus basement) lock up retail unit extending to approximately 807 sq.ft. and 2 x 1 bedroom flats across the first and second floors which extend to approximately 807 sq.ft. in total.
Access to the retail unit is from Sheen Lane with the residential units accessed to the rear via a pedestrian walkway next to 28 Sheen Lane.
The property offers potential to increase the residential floorspace by way of an additional storey to match the neighbouring properties, subject to planning permission.
The property is located on the corner of Sheen Lane in Mortlake, within the London Borough of Richmond upon Thames.
The immediate location comprises mainly a mix of commercial and residential uses with Richmond Park located less than a mile from the property, providing 2,360 acres of public open space.
Mortlake Station is 0.1 miles from the property providing National Rail services into London Waterloo in 23 minutes.
The retail unit is let on a FRI lease to The Robin Craft Cafe with approximately 6 years remaining on their lease at a current rent of £16,000 per annum.
The residential units are let on AST’s to separate individuals paying a combined rent of £30,600 per annum.
The property will be sold freehold with the existing tenants remaining in-situ.
Offers are invited in excess of £850,000 for the freehold interest.
We understand that the property is not elected for VAT.
Further information including approved planning documents can be found in our dataroom using the password ‘Mortlake’.
Disclaimer - Kingsbury on its own behalf and on behalf of the Owner / Landlord of this property whose agent Kingsbury is, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.
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- Ground floor retail unit and 2 x 1 bedroom self-contained residential units
- Let on separate agreements producing a combined income of £46,600 per annum
- Sought-after location within Mortlake and circa 0.1 miles from Mortlake Station
- Offers are invited in excess of £850,000 for the freehold interest
To discuss this opportunity further, please contact Jordan Oldfield or Chris Incledon on 020 7183 2529