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61-75 Lower Richmond Rd 664 SF Retail Condo Unit Offered at $247,608 in London SW14 7HJ
INVESTMENT HIGHLIGHTS
- Location offers convenient access to local amenities including supermarkets, schools, and recreational areas such as the Thames Path and Richmond Park
- The A205 South Circular Road is approximately 0.5 miles south, and the A316 is around 1 mile west, offering direct access to the M3 motorway
- Mortlake railway station is approximately 0.2 miles away
EXECUTIVE SUMMARY
The property is located on Lower Richmond Road in Mortlake, a mixed-use area within the London Borough of Richmond upon Thames. The surrounding area includes residential properties, local shops, cafes, and services, offering a well-connected urban setting.
PROPERTY FACTS
| Total Building Size | 11,302 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 5,651 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1907 |
| Building Class | B | Lot Size | 0.18 AC |
| Total Building Size | 11,302 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 5,651 SF |
| Year Built | 1907 |
| Lot Size | 0.18 AC |
AMENITIES
- Signage
1 UNIT AVAILABLE
Unit 73
| Unit Size | 664 SF | Tenure | Freehold |
| Price | $247,608 | Cap Rate | 8.76% |
| Price Per SF | $372.90 | NOI | $21,682.39 |
| Condo Use | Retail | Sale Conditions | Auction Sale |
| Sale Type | Investment |
| Unit Size | 664 SF |
| Price | $247,608 |
| Price Per SF | $372.90 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 8.76% |
| NOI | $21,682.39 |
| Sale Conditions | Auction Sale |
DESCRIPTION
The property comprises three storey mid terrace accommodation with retail at ground floor and a residential flat to the upper floors which has been sold off long leasehold.
SALE NOTES
The ground floor is is occupied under a Licence to Occupy from an original license agreement dated 1 February 2003. The current rent is £1,350 PCM (£16,200 Per Annum).
73a has been sold off on long leasehold for a term of 189 years from 15 March 1987.
The property is held Freehold under Title Number SGL261636.
NEARBY MAJOR RETAILERS
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61-75 Lower Richmond Rd
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