2 – 6 Hill Street & 2 Red Lion Street, Richmond upon Thames, TW9 1TN

Prime Investment Sale: 2-6 Hill Street, Richmond upon Thames (Waterstones)

• Rare opportunity to acquire a well secured Freehold rebased retail investment in a prosperous and highly desirable South West London suburb.
• Richmond upon Thames is one of London’s most attractive and affluent boroughs, just 8 miles (13km) from Central London.
• Highly prominent building in a core location linking George Street with Richmond riverside area.
• Well secured to Waterstones Booksellers Limited on a new 5.25 year lease expiring 31 January 2030, providingjust under 5 years term certain.
• Rebased rent of £172,500 p.a. (previous rent £274,500 pa)
• Waterstones Booksellers Limited YE April 2024 accounts show a fourfold rise in profits. Rated 5A2 by Dun & Bradstreet ‘lower than average risk.’
• Freehold
• Future asset management potential for change of use to the upper floors subject to gaining possession and necessary planning consents.

Proposal

Offers sought in excess of £2,500,000 (Two Million Five Hundred Thousand Pounds), subject to contract and excluding VAT. A purchase at this level would reflect a Net Initial Yield of 6.49%, assuming standard purchaser’s costs at 6.38%. For more information or if you wish to set up an inspection please get in touch.