This unique freehold property presents a compelling opportunity for investors and developers, with significant renovation and expansion potential nestled in a sought-after location. Situated directly overlooking the picturesque Ham Common in Richmond, these two single-storey commercial units benefit from their prime visibility and accessibility.
The surrounding area is rich in amenities, just a short stroll from the expansive Royal Richmond Park and the iconic Rivera Thames Ham Polo Club. Public transport options are readily available, with numerous bus stops located within steps of the property, ensuring easy commuting for both patrons and tenants.
Currently generating a combined income of £20,000 per annum through existing leases—£8,000 for one unit and £12,000 for the other—both tenancies extend until 2029. Notably, the first unit is set for a rent review in August 2025, providing an opportunity for future income growth.
The property’s redevelopment potential is noteworthy; previous discussions with local planning authorities have yielded positive feedback regarding various options for commercial or mixed-use development up to an additional 2.5 stories. Architectural drawings from past proposals are available for review, showcasing possibilities that could transform this asset into something even more valuable.
Additionally, there is a right of way over an adjacent property which may enhance its usability. Investors may consider utilizing SIPP pension schemes or similar finance options to facilitate their purchase, subject to provider terms.
This offering not only stands as an immediate revenue-generating asset but also provides a platform for strategic enhancement—a promising venture for those looking to increase their portfolio's value in a thriving area. For further details and legal documentation regarding this unique investment opportunity, interested parties are encouraged to consult the accompanying legal pack.
