PRIME INVESTMENT IN THE HEART OF RICHMOND UPON THAMES

Rare opportunity to acquire a Freehold retail investment in a prosperous and highly desirable South West London suburb.

• Richmond upon Thames is one of London’s most attractive and affluent boroughs, just 8 miles (13km) from Central London. Attractive building in a core location linking George Street with Richmond riverside area.
• Ground and basement let to Prestige Asset Finance Ltd for a term of 10 years from 26th Aug 2021 and expiring 25th Aug 2031 (5.9 years unexpired) at a rent of £61,000 per annum.
• Prestige Asset Finance Limited rated ‘Very Low Risk’ with an International Score of A by Creditsafe.
• Freehold

Proposal

Offers sought in excess of £895,000 (Eight Hundred and Ninety-Five Thousand Pounds), subject to contract and excluding VAT. A purchase at this level would reflect a Net Initial Yield of 6.50%, assuming standard purchaser’s costs at 5.63%.