Property description

LOCATION
Barnes is a suburban district in the London Borough of Richmond upon Thames. It is about 6 miles to the west of Charing Cross, in a bend of the River Thames. Barnes benefits from two railway stations, both Barnes and Barnes Bridge (the nearest tube station is Hammersmith), and also by bus routes towards Central London and Richmond. The property itself is perfectly located along Church Walk, one of the prime retail pitches in Barnes. Barnes is believed to have the highest proportion of independent shops of any area in Britain, at 96.6%. The 2011 census shows Barnes to have a population of over 10,000.

DESCRIPTION
- Outstanding and rare opportunity to acquire a prime retail and residential investment

- Long term income generated from commercial (53 Church Rd) and residential elements

- Very strong underlying freehold capital value

- Rising values, high freehold and rental demand

- Natsons has been under the same ownership since 1989

- Well maintained 2 bed first floor flat

- Close to Central London, excellent transport links, independent shops and amenities

- Approximately 9 years unexpired to Natsons, a national award winning business (including the Booker Prize)

- Total rental income: £42,900 pax (retail unit £24,000 pax, residential let £18,900 pa )

- Offers Invited for the freehold interest.

- Available subject to the existing tenancies to Natsons & the flat occupier under an AST

ACCOMMODATION
A rarely available, and attractive mid terrace building, boasting of an excellent location in central Barnes.

The ground floor use of the building is retail shop, which falls within use class A1 (Shop and premises) of the Town & Country Use Classes Order 1987 (as amended). The large two bedroom first floor flat is of residential use which falls within use class C3 respectively.



The ground floor shop measures approximately 42 sq m / 452 sq ft NIA (net internal area).



Available freehold subject to the occupational tenancies to Natsons Newsagents and the occupiers of the flat on an AST. The shop lease is of a 20 year term with approximately 9 years unexpired and subject to 5 yearly rent reviews. There are no break options. Further information available on request.

SERVICES
Mains water, electricity, gas and drainage are available and are believed to be connected. Purchasers are advised to make their own inspections.

TERMS
The property is available subject to contract and the above terms and occupational leases.

OUTGOINGS
According to the Valuation Office Agency the charging authority is Richmond upon Thames. The rateable value (RV) is £15,000 for the period 2015-16. By multiplying the RV by the standard UBR (currently 0.493), this gives the annual rates payable. For further information and clarification please contact the charging authority directly. The EPC is graded ‘C’ for the ground floor of the premises and is rated as ‘D61’ for the flat. A copy of the report is available on request