Asking Price
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Reference Number 100023409472
Building Area

Property Description

The property comprises two attractive period buildings of brick-built construction fronting George Street. 71 George Street is arranged to provide sales accommodation at ground and part first floor. The remaining first floor is used as ancillary. The property benefits from an attractive arched glazed frontage and currently trades as Reiss. 72/73 George Street is arranged to provide sales accommodation at ground and first floors, with a basement used as ancillary accommodation. The property benefits from a fully glazed ground floor frontage as well as a return frontage to Golden Court. 1 Golden Court has a separate access to the side of 72/73 George Street. It is currently arranged as an office with a separate ground floor entrance, staircase and first and second floor accommodation. There is also an an additional kiosk unit at 3 Golden Court.

Investment Highlights

Richmond upon Thames is one of London’s most desirable and affluent suburbs.

Situated on George Street, the prime pitch in the heart of Richmond.

Two attractive period buildings of brick-built construction.

57% of the income secured to the strong national covenant of Reiss.

Second retail unit currently vacant (rent to be topped up), providing incoming purchaser flexibility over

redevelopment and occupational strategy.

Reiss have recently renewed their lease, demonstrating their commitment to the location.

WAULT of 4.5 years to expiry and break, assuming a 2-year guarantee for the vacant unit.

Further asset management opportunity to redevelop the upper parts into desirable residential accommodation.

Freehold

Last Updated Date: 28 Jul 2021
Ben Gamble
Ben Gamble
Director - National Investment
Frankie Maddox
Frankie Maddox
Associate Director- Retail Investment

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Last Updated Date: 28 Jul 2021

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