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Description

FOR SALE - Retail investment, with self-contained vacant first and second floors with B1 use (offices) and planning permissing for change of use to D1 use (Medical)

First & second Floor offices

Ideal Medical Use
D1 (non-residential institution) use granted

LOCATION:

Located in the middle of St. Margarets village, this first and second floor accommodation is convenient for all local amenities and transport links. The A316 is just a few hundred metres distant, providing direct access to central London and the M3 (and M25)

St Margarets rail station is opposite, with a bus stop directly in front of the property. Local shops include a sub-post office (next door), Tescos Express and numerous cafes, bars and restaurants.

DESCRIPTION:
First and second floor offices centrally located in this prosperous urban village. The accommodation is configured as:

- one room on entrance half-landing
- two rooms on the first floor (one currently sub-divided by stud-partition)
- three rooms on the second floor

There is a WC on both the first and second floors, with a kitchen on the second floor

ACCOMODATION:
First Floor 715 sq. ft /66.4 sq.m
Second Floor 501 sq. ft / 46.6 sq.m

Approx. NET INTERNAL 1216 sq. ft / 113 sq.m
Plus two WCs & kitchenette

AMENITIES:
· Prominent central position
· Highly sort-after residential area
· Opposite rail station and bus stop
· UPVC double glazing
· Live-work potential (subject to planning)
· Vacant possession

PLANNING:
Current use B1 Offices
A planning application has been granted by the London Borough of Richmond upon Thames for change of use to class D1 (non-residential institution) so as to support medical activities e.g. dentists, doctors surgeries, etc. Three practice rooms, reception, waiting and back-office are indicated.

TERMS:
£30,000 p.a. on new lease, no ingoing premium
Term and rent free period to assist with fit-out costs, by negotiation.

The entire freehold building, to include the ground floor shop & basement (let to Vertigo hairdressers at £32.5k p.a., rising to £35k p.a. in December 2007) may also be available, OIRO £895,000.

BUSINESS RATES:
We have been verbally informed that the premises have the following business rate assessment:

2005 Rateable Value £13,000
Uniform Business Rate £0.422 (as of 01.04.05)
Rates payable £5486 p.a. approx

LEGAL COSTS:
Each party to bear their own legal costs in the proposed transaction.

VIEWING: Strictly by appointment with the sole sales agents.