Prominent income asset with development upside in Richmond close to parks.
Freehold; two single-storey commercial units facing Ham Common
Current income £20,000 per annum across both units
Number 22 rent review due 25 August 2025 (upside potential)
Both leases run until 2029 — medium-term income security
Pre-application positive meeting for +2.5 storeys (STPP) — plans available
Sale by unconditional auction; 10% deposit and buyer administration fee apply
Broadband speeds slow; documented local crime above average
Right of Way benefit; potential SIPP purchase subject to provider rules
A unique freehold investment comprising two single-storey commercial units directly overlooking Ham Common. Both units are let for a combined £20,000pa, offering immediate income with clear upside at review and on re-letting. Number 22 has a rent review due 25 August 2025 and the current leases run until 2029.
The site benefits from a positive pre-application meeting with local planners for commercial, residential and mixed-use development, including proposals to add approximately 2.5 storeys (subject to planning permission, STPP). Plans and images are available in the listing; there is also a recorded Right of Way over the adjacent property which may assist access or development options.
Buyers should note material considerations: broadband speeds are slow, recorded local crime is above average, and both tenancies expire in 2029 so income is medium-term. The sale is by unconditional online auction (26 September 2025) with a 10% deposit (minimum £5,000) and a buyer administration fee payable on exchange — full legal pack contains all buyer obligations and completion timescales.
This lot suits investors seeking a prominent, cash-producing property with development potential and pension-buying (SIPP) possibilities, subject to provider terms and planning permission. It offers immediate yield with tangible scope to increase value through rent uplift or redevelopment if consents are obtained.
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