The commercial element of the property is situated over basement, ground and first floors and has historically been occupied as part of a larger unit interconnecting with the adjoining building at ground floor level. In terms of the freehold sale, there are 2 x two bedroom residential flats and 1 x three bedroom residential flat on the upper floors, accessed from the rear. Two of the flats are currently let on ASTs with one offered with vacant possession. Tenure Effectively full repairing and insuring lease for a term to be agreed, subject to five yearly upward only rent reviews. Rent £130,000 per annum exclusive. Rent is payable quarterly in advance. Rates We understand from the VOA website that the current Rateable Value of the shop is £99,000 and the rates payable are £49,896 pa. The UBR for 2019/2020 is 50.4p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
The Quadrant and George Street form part of the principal retail thoroughfare in Richmond Town Centre. Richmond Railway and Underground Station is located in close proximity at the eastern end of The Quadrant, connecting the Town to Central London via the District Line in under 30 minutes. The subject property occupies a position on the north side of The Quadrant, adjacent retailers include LuluLemon, Jojo Mama Bebe, Trevor Sorbie, Oliver Bonas, Vodafone, Tiger, Mountain Warehouse and Rymans.