Summary - 73, LOWER RICHMOND ROAD SW14 7HJ
1 bed 1 bath Commercial Property
Low-entry freehold retail unit with immediate income and strong local footfall — sold at auction..
Freehold ground-floor retail unit, approx. 664 sq ft
Current income £16,200 pa (£1,350 pcm)
Guide price £185,000 — gross yield ~8.8%
Sold at public online auction on 29/10/2025
Occupied under Licence to Occupy (dated 01/02/2003) — limited security
Upper floors sold on long lease; freehold relates to ground floor only
Edwardian mixed-use high-street location, 0.2 miles to Mortlake station
Public notice/repossession flag — check legal pack
A compact freehold retail investment on Lower Richmond Road, Mortlake, offering immediate income and strong commuter access. The ground-floor unit extends to about 664 sq ft and currently produces £16,200pa, giving a gross yield around 8.8% at the guide price of £185,000. The location benefits from high street footfall, proximity to Mortlake station (c.0.2 miles) and local amenities including cafes, shops and the Thames Path.
The property is part of an Edwardian mixed-use terrace; upper floors have been sold off on a long lease, so the sale relates to the freehold interest with the ground-floor retail unit occupied under a Licence to Occupy (original licence dated 1 Feb 2003). The licence arrangement provides income now but offers less security than an assured commercial lease—prospective buyers should review the licence and legal pack carefully.
This asset will be sold at public online auction (29/10/2025). There is a public notice/repossession flag in the particulars; bidders must satisfy themselves by referring to the legal documentation. The building sits in an affluent, inner-city cosmopolitan area popular with commuters and established tech workers, with excellent mobile signal and fast broadband—features attractive to modern occupiers.
Suitable for an investor seeking a low-maintenance high-street holding with redevelopment or re-letting potential, the unit’s small plot and mixed-tenure building limit expansion. Any upgrade, tenancy restructuring or change of use should be checked with the local planning authority (London Borough of Richmond upon Thames).
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