8 Ashburnham Road, Richmond

Description

The property comprises a ground floor retail unit and separate rear garage forming part of a retail parade in the affluent area of Ham, Richmond. The property benefits from partially fitted kitchen and extract, and provides asset management potential via reletting.

Accommodation

Ground floor retail unit with separate garage to the rear; partially fitted kitchen and extract; approximately 645 sq ft (60 sq m).

Location

Located within the Ham area of Richmond upon Thames, approximately 2.5 miles south of Richmond town centre. The property occupies a retail parade on Ashburnham Road serving the surrounding residential catchment and is located close to Ham Common, Richmond Park and the River Thames. Bus services operate along Ashburnham Road with links to Richmond, Kingston and the surrounding area. Richmond Station is approximately 2.8 miles to the north-west.

Tenure / Property Information

Investment Analysis

The £100,000 guide is materially below the only recorded sale for the same address (£200,000 in June 2019), but that historic sale does not establish current value. The £400,000 sale of 12 Ashburnham Road in December 2022 is a different property and is not sufficiently comparable without size, specification and lease details. No current commercial valuation, rental evidence, lease term or investment yield evidence is supplied, so GDV and a maximum bid cannot be supported.

Investment Snapshot

Strategy Recommendation

Proceed only after legal review, inspection and evidence of achievable commercial rent. At present, treat as a conditional vacant commercial investment opportunity rather than an underwritten flip or refinance project.

Works Required

No specific defects or refurbishment scope are evidenced. Inspect the vacant retail unit, rear garage, partially fitted kitchen and extract, and complete only legally required, safety-related or letting-related works identified by inspection. Reletting and review of the existing fit-out are the supported asset-management actions.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A purchase-refurbish-refinance strategy cannot be modelled reliably because current GDV, rent, works cost, lease term and finance-related costs are unsupported. The historic same-address sale provides context only and should not be treated as current refinance value.

Buy-to-Let Analysis

This is a vacant commercial retail unit rather than a residential BTL asset. No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent, yield and letting viability cannot be established. Reletting is identified as potential asset management, but lease terms and tenant demand are unverified.

Flip Analysis

A flip appraisal cannot be supported. There is no current GDV, verified works budget, selling allowance or sufficiently comparable evidence. The guide price alone is not enough to establish resale profit, particularly with buyer fees, possible VAT and other charges unspecified.

Investor Risks & Due Diligence

• Vacant possession creates reletting and void risk.

• No sufficiently specific rental evidence or passing rent is supplied.

• Lease term and other lease provisions are not provided.

• Buyer fees, VAT treatment and possible seller charges are unspecified.

• The partially fitted kitchen and extract may require inspection and compliance verification.

• The available comparables are historic and/or different properties, limiting current valuation confidence.

Recommendation

Proceed only after legal review, inspection and evidence of achievable commercial rent. At present, treat as a conditional vacant commercial investment opportunity rather than an underwritten flip or refinance project.

Strategy Rating

Analysis Confidence

The property description and historic sales are supplied, but current value, rent, lease term, condition, EPC, fees, VAT treatment and project costs are largely unavailable.