Freehold Shop with Development Potential For Sale & To Let

Upper Richmond Road, Putney, London SW15

£750,000

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Description

An opportunity to purchase or let a commercial premise in a highly desirable location.

The existing property is a two storey commercial building which is currently used as a boutique café. We understand the property measures approximately 610 square feet and the designated use class is E (Commercial, Business and Service).

The property previously had planning permission granted in February 2016 for the erection of a mansard roof extension to form living accommodation in connection with the conversion of part of the ground floor cafe, and first floor into a maisonette. This planning permission has now lapsed, but we consider a similar scheme incorporating a 3 – 4 storey building maybe feasible.

Offers are encouraged on a conditional or unconditional basis in excess of £750,000. The asset is held in a Special Purpose Vehicle (SPV) and as such a sale of the company can be arranged.

Additionally, the vendors will consider offers to let the premises in the region of £30,000 per annum.

Vacant possession will be provided and viewings can be arranged upon request.

Location

213 Upper Richmond Road, Putney, London SW15 6QS

The property is located on Upper Richmond road which is just off Putney High Street. Putney is known for being an affluent area which plays host to a number of high street shops, bars, restaurants and local amenities.

Putney is known for being the starting point for the annual university boat race which attracts a wide range of spectators on the day, along with being a great place for a night out or coffee.

The property is located only 4 minutes walk from Putney Station which is a Zone 2 station providing regular trains to Waterloo Station in just 18 minutes. Additionally, Putney East Station is a District Line Station which is only a 9-minute walk away.

This location is perfect for young professionals, commuters and families alike.

Planning History

Planning Granted, February 2016: 2015/7254 - Erection of a mansard roof extension to form living accommodation in connection with the conversion of part of the ground floor cafe, and first floor into a maisonette.

Accommodation

UNIT SIZE (SQM) SIZE (SQFT)
Ground Floor 32 344
First Floor 25 258
TOTAL 57 602

Plans