Leisure and hospitality specialist Sidney Phillips is delighted to announce the sale of a substantial investment property located in a premier position in highly desirable Richmond-upon-Thames.
The Watermans is Watermans is located in the heart of Richmond-Upon-Thames, on Water Lane, an ancient cobbled street that leads down to the waterfront. It is a busy thoroughfare between the prime retail centre and River Thames. It is located close to a number of high-profile bars, restaurants and retailers with occupiers nearby including the Ivy Café, Scott’s, the Curzon Cinema, Wagamama, Cos and LK Bennett. Both Richmond-Upon-Thames Railway and London Underground Stations are within 600 metres of the property.
The property comprises a three-storey end-of-terrace property, historically utilised as a public house, but now as an all-day restaurant and bar, focusing on the best of British ingredients with a nod to southern Europe.
The freehold interest of the property was sold, subject to the terms of the existing tenancy, off an asking price of £1,000,000, producing a net yield of 5.96%.
The business is/was unaffected by the sale.
For more information on buying or selling your property, call Sidney on 01892 725900 or email southeast@sidneyphillips.co.uk .
(August 2024)