Leisure and hospitality specialist Sidney Phillips has brought to market a fine investment property, generating a strong rental income, situated in a quaint cobbled street in highly affluent Richmond-upon-Thames.
The property comprises a three-storey end-of-terrace building measuring approximately 3,090 sq ft. Water Lane on which the property is situated is an ancient cobbled street that leads down to the waterfront, a busy thoroughfare between the prime retail centre and River Thames. It is located close to a number of other high-profile bars, restaurants and retailers with occupiers nearby including the Ivy Café, Scott’s, the Curzon Cinema, Wagamama, Cos and LK Bennett.
This attractive property is superbly presented having been comprehensively refurbished and maintained to a high standard by the current Tenant. It comprises an open plan trade area, private dining room, two bedroom manager’s flat and terrace seating.
Watermans operates as an all-day restaurant and bar, focusing on the best of British ingredients with a nod to southern Europe. The business is well-known in the area for its quality offering. It enjoys excellent customer reviews, with a current rating of 4.5 on TripAdvisor and 4.6 on OpenTable. The business is unaffected by the sale.
The property is available to purchase freehold, subject to the existing lease, with offers in excess of £1,000,000 sought.
For further information about this investment for sale, other investments for sale or how to buy a business please call Sidney Phillips on 01982 725900, or email southeast@sidneyphillips.co.uk.
(May 2023)