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Richmond Rd 1,301 sq ft Retail Property Kingston Upon Thames KT2 5EH £1,250,000 (£960.80/sq ft) 5% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 3 storey retail and residential property
- Freehold
- Potential to increase the total rental income to £72,800 per annum
EXECUTIVE SUMMARY
The property comprises a 3 storey terrace consisting of a double fronted shop with basement at ground floor level, together with residential accommodation over first and second floors. The upper floors are approached from a dedicated entrance at the front of the property from Richmond Road and comprises 2 x 2-bedroom and 1 x 1-bedroom self-contained flats. There is a small yard at the rear with access to the rear of the property from East Road
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,301 sq ft
Costar Property Class
B
Year Built
1930
Price
£1,250,000
Price per sq ft
£960.80
Yield
5%
NOI
£62,500
Tenancy
Single
Number of Floors
3
Plot ratio
0.75
Total Plot Size
0.04 ac
Frontage
37 ft on Richmond Road
AMENITIES
- 24 Hour Access
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NEARBY MAJOR RETAILERS
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Richmond Rd
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