Office investment with development potential for sale in Richmond

This property is marketed by:
Michael Rogers

Investment Summary 

Located in the highly affluent London Borough of Richmond upon Thames. 

Prime area close to Richmond Green and Richmond train station.

Part let on short flexible leases.

Total income of £58, 133 per annum.
Freehold.

Asset management / development potential.

Offers sought in the region of £2,000,000 (Two Million Pounds), subject to contract and exclusive of VAT.

Location

Richmond is one of the most desirable locations in London to live, work and shop. This highly affluent

London Borough is located approximately 8 miles to the west of Central London.

Transport links are excellent. Richmond station provides London Underground (District Line), Overground, and National Rail services (fastest journey time to London Waterloo - 19 mins). Both the M3 and M4 motorways are easily accessible.

Heathrow Airport is only 12 miles to the west. Richmond is an established commercial centre, with a host of national and international retailers, numerous bars and restaurants as well as an excellent leisure offering.
 

Situation

House is prominently situated on Parkshat in Richmond Town Centre. The building is in a prime position a few minutes' walk from Richmond Station and close to Richmond Green.
 

Description

The building comprises a four-storey main building with single-storey and two-storey extensions at the rear. The refurbishment and extension took place in 1975 and won a Civic Trust Award. Since then, the building has benefited from various internal updates.

Marcar House is prominently situated in a prime position on Parkshot in Richmond Town Centre. 

Richmond station provides rail services into central London. The M3 & M4 motorways are easily accessible. The building comprises a four-storey main building with single storey and two-storey extensions at the rear. The property was refurbished and extended in 1975 and has since benefitted from various internal updates. The property is part let on short flexible leases. Full details and an investment summary are listed in our brochure.

Amenities

▪ Central Heating

▪ Comfort Cooling

▪ LED lights

▪ Fluorescent lights

▪ Kitchenettes

▪ Male and Female WCs

▪ Outdoor space 

Tenure - Freehold.

Asset Management / Development Potential

There are considerable asset management possibilities.

Outline plans have been drawn up for residential use, subject to planni

VAT

The property is elected for VAT.

Proposal

We are instructed to seek offers in the region of £2,000,000 (Two Millio subject to contract and exclusive of VAT.

Legal Costs: Each party to bear their own legal costs.