Freehold Retail and Residential Investment

A freehold building arranged over part basement, ground, and two upper floors. The ground floor provides retail accommodation and is currently trading as Elswood Cycleworks, while the upper parts provide residential accommodation that has been sold off. Located on Lower Richmond Road in Putney, the property sits within a well-established and popular residential area in South West London, offering a well-supported range of shops, restaurants, and local services. Transport connections include Putney Overground station for regular services into central London, Putney Bridge Underground station within walking distance, and numerous local bus routes. Additionally, Putney Embankment and the River Thames are just 300 metres away, providing scenic riverside walks and cycle paths. Ground floor retail is let to Cycle Central Putney Ltd for a term of 20 years from 2015 at a passing rent of £23,000 per annum. Accommodation areas comprise a part basement of approximately 12 sq m (129 sq ft) and ground floor (excluding WCs) of approximately 44 sq m (474 sq ft), according to VOA sources. The upper residential floors are subject to a long lease for a term of 999 years from 1993, having approximately 964 years unexpired, at a peppercorn ground rent of £75 per annum.