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21 George St 2,069 SF 4-Star Retail Building Richmond TW9 1HY $1,047,728 ($506.39/SF) 6.69% Cap Rate
INVESTMENT HIGHLIGHTS
- Rarely Available Freehold Retail and Residential Investment Opportunity
- 100% prime George Street location
- Highly prosperous and affluent commuter town location
EXECUTIVE SUMMARY
Highly prosperous and affluent commuter town location
One of the most desirable London boroughs, only 8 miles south-west of London
100% prime George Street location
Well configured retail unit & 2 x self contained residential apartments on the upper floors
Ground floor retail unit let to Currency Exchange Ltd until 2035 (otb Yr 5) at £52,500 pa exc with a minimum rental uplift in 2030 to £55,000
Retail unit has been in use as a bureau exchange since 2014
CEC Ltd have a ‘low risk’ D&B rating of 3A2
Upper floors comprise a luxury 1 x bed apartment let on an AST at £26,400 pa and a 2 x bed apartment let at £39,600 pa
High End Residential Specifications with exposed brick and beams and 2 x roof terraces
Total Income £118,500 pa
Rising in 2030 to a minimum of £121,000 pa
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Finance and Insurance
- -
- -
- Jun 2022
Thomas Exchange Global was established in 1993 and has grown to become one of the leading providers of wholesale, retail, travel and commercial foreign exchange services to businesses and individual private clients in the UK. As a dedicated foreign exchange specialist, they have the professional expertise, in depth market knowledge, technological infrastructure and commitment to provide customers with an unprecedented level of service that sets the standard in the foreign exchange industry. They are specialists in all areas of foreign exchange. Not only do they provide commission free currency and travellers cheques, they can also transfer funds overseas by way of bank transfers. Thomas Exchange Global offers the security that large banks provide, but with an uncompromising quality of service and the best commercial exchange rates available.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Finance and Insurance | - | - | Jun 2022 |
NEARBY MAJOR RETAILERS
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21 George St
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