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38 Sheen Lane, East Sheen, London SW14 8LW Unbroken Freehold Shop and Uppers for Sale View More Information 38 Sheen Lane, East Sheen, London SW14 8LW Unbroken freehold shop and uppers for sale View more information... 38 Sheen Lane, East Sheen, London SW14 8LW Home Description Location Terms View all of our instructions here... III III ACCOMMODATION SCHEDULE • Shop and 2 flats for sale • Fully-let freehold property Floor Description Size (Sqft) Current Rent (PA) • Located in affluent East Sheen • Apparent development potential (STPP) Basement & ground Commercial unit (A1 use class) with private rear yard c. 810 £16,000 • Producing £46,600pa • One third commercial income, two thirds residential income First Self-contained 1 bedroom flat with private rear terrace c. 410 £15,000 • OIEO £790,000 F/H Second Self-contained 1 & a half bedroom flat c. 420 £15,600 DESCRIPTION An unbroken fully-let mixed-use freehold property located in East Sheen. The building provides a retail unit (A1 use class) over the basement and Total: c. 1,640 sqft £46,600 ground floors, and 2 self-contained apartments over the first and second floors above. The commercial unit measures circa 810 sqft and is occupied as a craft café. The passing rent is £16,000 per annum with approximately 6 years remaining on the lease. There are no outstanding break options. The business is very popular with local residents. Both flats above are accessed through a well-presented and secure side passage further down the parade, and measure circa 410 sqft and 420 sqft respectively. The first floor is arranged as a one bedroom flat with private rear terrace and is let for £1,250 PCM on an AST. The second floor comprises a one and a half bedroom flat and is let for £1,300 PCM on an AST. Both apartments are in immaculate condition throughout, benefiting from high ceilings, good quality kitchens and bathrooms, and plenty of natural light. East Sheen is an affluent area in South West London and property here is highly-sought after. Residential values are in the region of £900 per sqft, and as such, we believe each apartment to be worth in region of £350,000 in isolation. E: [email protected] W: acorncommercial.co.uk 120 Bermondsey Street, 1 Sherman Road, London SE1 3TX Bromley, Kent BR1 3JH T: 020 7089 6555 T: 020 8315 5454 38 Sheen Lane, East Sheen, London SW14 8LW Home Description Location Terms View all of our instructions here... III III 38 Sheen Lane, East Sheen, London SW14 8LW Home Description Location Terms View all of our instructions here... III III LOCATION The property is located less than 150 yards from Mortlake Railway Station. Subsequently, it benefits from strong levels of footfall and passing vehicular traffic. Sheen Lane connects to Upper Richmond Road (A205) to South and Lower Richmond Road to the North. These main roads provide access to surrounding areas (Clapham, Putney and Richmond etc) and further afield with ease. Mortlake Station provides regular services to Clapham Junction (approx. 12 mins) and London Waterloo (approx. 16 mins) via the South Western line. Sheen Lane is home to a mixture of independent and national retailers. Local businesses include boutique cafés, pubs/bars and restaurants; whilst some of the national occupiers include Waitrose, Boots and Costa Coffee. The property is situated 0.6 miles away from the picturesque Richmond Park, and 1.6 miles from the infamous Kew Gardens. TERMS Inviting offers in excess of £790,000 for the unbroken freehold property, subject to the existing commercial lease and 2 residential AST’s. We understand that VAT is not applicable in this transaction. FURTHER INFORMATION The following further information is availble upon request: • Commercial lease • Both residential AST’s • Floorplans • Additional internal photos • Copies of the EPC’s VIEWINGS All viewings are strictly by prior appointment with Acorn’s Commercial & Development Division on 020 7089 6555 or [email protected]. For more information This [brochure and its content] is copyright of Acorn Limited © 2016. All rights reserved. Any redistribution E: [email protected] contact: or reproduction of part or all of the contents in any form is prohibited. You may not, except with our express written permission, distribute or commercially exploit the content, nor may you transmit it or store it in any W: acorncommercial.co.uk Louis Markham or form. Jamie Stevenson on Acorn as our vendor’s agents have endeavoured to check the accuracy of these sales particulars, but however 120 Bermondsey Street, 1 Sherman Road, 020 7089 6555 can offer no guarantee, we therefore must advise that any prospective purchaser employ their own experts to London SE1 3TX Bromley, Kent BR1 3JH verify the statements contained herein. All measurements are approximate and should not be relied upon. No Meet the rest of the team... T: 020 7089 6555 T: 020 8315 5454.
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