St. Margarets Road

ANNOUNCEMENT:
The first floor flat is now let at £2,000 per calendar month. A copy of the tenancy agreement will be made available within the legal pack. The total rent reserved is therefore now £98,540 per annum

Substantial freehold four storey mid terrace building arranged as 2x commercial units and 3 x upper residential parts
Part investment currently producing £74,540 pa

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Location:
The property forms part of an attractive nineteenth century parade of retail premises on St Margarets Road within Twickenham. Public transport links are very well provided with St Margarets Railway Station lying almost opposite, together with a network of local bus services serving the surrounding vicinity. A host of shopping amenities can be located along St Margarets Road itself, with a further range of shops, bars and restaurants located on London Road and Richmond Road. Local recreational pursuits can be found along the River Thames and also Moormead and Bandy Recreational Ground to the west.

Description/Accommodation:
Substantial freehold four storey mid terrace building arranged as 2x commercial units and 3x upper residential parts.

Basement Floor:
Commercial use - Isaac's Coffee
2 rooms, 4 storage rooms, rear yard.
Let on a lease for a term of 15 years from 01/05/2023 at a rent of £14,400 pa (First rent review on 01/05/24 and then every 3 years thereafter)
EPC - C

Ground floor
Commercial use – David Masters Salon
2 rooms
Let on a lease for a term of 20 years from 24/06/09 at a current rent of £23,000 pa (Rent review every 5 years with next review on 24/06/24)
EPC - C

Mezzanine level
Residential use
Studio flat
Let on a rolling tenancy for a term of 1 year from 01/02/2024 at a rent of £13,140 per annum
EPC - TBA

First Floor
Residential use
2 bedrooms, open plan reception room/kitchen, shower room/WC
Vacant
EPC - C

Second Floor
Residential use
2 bedrooms, open plan reception room/kitchen, shower room/WC
Let on a rolling tenancy for a term of 6 months from 12/07/2023 at a rent of £24,000 per annum
EPC - TBA

Total rent reserved:
£74,540 per annum (with first floor flat vacant)


Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.