Palace Auctions (London) LTD, London

St Margarets Road, Twickenham, Richmond Upon Thames

Guide price

£1,200,000

Auction

Size

3,670

Tenure

Freehold

EPC

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Parking

1

Primary use
High street retail
Other use(s)
Other leisure
Frontage
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Building amenities

Additional costs may apply for some services – please check the full property description for more details.

  • Transport links
  • Well connected
  • Basement
  • Central heating
  • Natural light
  • Raised floor
  • Cafe
  • Outdoor seating
  • Shower facilities
  • Twenty four hour access

Key features

  • Freehold mixed-use building in TW1, guide price £1,200,000, prime St Margarets location.
  • Four-storey property with two commercial units and three residential units.
  • Ground floor commercial units are let, providing secure income stream.
  • First and second floors currently vacant, ideal for letting or conversion.
  • Gross income when fully let is circa £98,000+ per annum, strong yield.
  • Approximate gross yield of 8.2% based on guide price and full occupancy.
  • Class MA permitted development rights allow conversion of upper floors to residential.
  • Directly opposite St Margarets Station, excellent transport links to London.
  • Located in vibrant, affluent neighbourhood with strong footfall and amenities.
  • View full details and legal pack at palaceauctions.com/property/120-st-margarets-road-mixed-use-auction-tw1/

Description

Introduction: Mixed-Use Freehold Investment Twickenham
Welcome to a truly exceptional Mixed-Use Freehold Investment Twickenham opportunity at 120 St Margarets Road, TW1.
This magnificent four-story freehold property stands directly opposite St Margarets Station, placing it at the heart of one of South West London’s most desirable and affluent neighborhoods.
With a guide price of £1,200,000 and a projected gross income of circa £98,000+ per annum. (which has been achieved) when fully let. This asset offers both immediate returns and significant value-add potential.
The property comprises two well-let commercial units on the ground floor and three residential units above, with the first and second floors currently vacant—presenting a rare chance for investors to unlock further value through letting or conversion. This listing is brought to you by Palace Auctions London, specialists in high-yielding London investments. For full details, visit the " "
Prime Commercial Units – Secure Income Stream
The ground floor of 120 St Margarets Road features two prominent commercial units, both currently let and generating a stable income. These units benefit from high visibility and footfall, thanks to their strategic position opposite St Margarets Station and within a thriving local retail parade. The commercial accommodation is suitable for a range of uses, including retail, office, or professional services, and is supported by strong local demand. Current market evidence in TW1 shows commercial rents typically range from £25–£40 per sq ft per annum, underpinning the robust income profile of this investment.
The commercial element forms the backbone of the property’s income, providing security and diversification for investors seeking a balanced asset in a prime London location.
Residential Units & Vacant Upper Floors – Value-Add Potential
Above the commercial premises, the property offers three residential units arranged over the first, second, and third floors. Notably, the first and second floors are currently vacant, offering immediate scope for re-letting at market rents or for conversion to additional residential accommodation, subject to the relevant consents.
The third floor is, contributing to the overall income stream. The vacant upper floors present a rare opportunity for investors to enhance returns through refurbishment, reconfiguration, or conversion, capitalizing on the strong rental demand in St Margarets and the flexibility afforded by recent planning changes. This flexibility is a key driver of the property’s investment appeal, allowing buyers to tailor the asset to their strategy.
Income Analysis & Gross Yield – Strong Returns in TW1 When fully let,
120 St Margarets Road is projected to generate a gross income of circa £98,000+ per annum, reflecting a gross yield of approximately 8.2% against the guide price.
This yield is highly attractive for a freehold asset in such a prime London location, especially given the property’s mixed-use configuration and the potential for further uplift through asset management. Comparable mixed-use investments in the area typically achieve yields in the 7.5%–8.5% range, confirming the competitiveness of this opportunity. The combination of secure commercial income, vacant residential units, and conversion potential makes this a compelling proposition for investors seeking both income and capital growth.
Conversion Opportunity – Class MA Permitted Development
A standout feature of this Mixed-Use Freehold Investment Twickenham is the confirmed planning potential for conversion of the vacant upper floors to additional residential units. Under Class MA permitted development rights, conversion from commercial (Class E) to residential (C3) is now allowed as of right, subject to prior approval.
This regulatory change unlocks significant value for investors, enabling the creation of new residential accommodation in a high-demand area without the need for a full planning application. The property’s layout and vacant upper floors make it ideally suited for such a conversion, offering scope for increased income and enhanced capital value.
For further guidance on permitted development, see “ " GOV.UK business rates
and “ "
Location & Transport – Opposite St Margarets Station
Location is everything in property, and 120 St Margarets Road excels in this regard.
The building is situated directly opposite St Margarets Station, providing fast and frequent South Western Railway services to London Waterloo in approximately 30 minutes.
Richmond Station, with National Rail, Overground, and District Line connections, is just one stop away, while Twickenham Station is within a mile. Multiple bus routes serve the area, ensuring excellent connectivity for both commercial tenants and residents.
This unrivalled transport access is a major draw for occupiers and underpins the property’s long-term rental and capital growth prospects.
St Margarets Neighborhood – Vibrant & Affluent St Margarets is renowned for its vibrant community, affluent demographic, and strong local identity.
The area boasts a diverse mix of independent shops, cafés, and restaurants, creating a lively high street environment that attracts both residents and visitors. Key footfall drivers include the nearby Twickenham Film Studios, excellent schools, and expansive green spaces such as Moormead Park and Marble Hill Park. The neighbourhood’s popularity ensures sustained demand for both commercial and residential accommodation, supporting robust rental values and low vacancy rates.
Investors benefit from a stable, high-quality tenant base and the potential for long-term capital appreciation.
Planning Context & Conservation Area
The property is located within a designated conservation area, reflecting the historic and architectural significance of St Margarets. While this status provides an attractive setting and helps preserve the area’s character, it also means that external alterations may require additional consent.
However, internal conversions under Class MA permitted development are typically supported, provided that amenity and design standards are met. Investors are encouraged to review the local planning context and consult with the London Borough of Richmond upon Thames for detailed guidance. The property’s planning flexibility is a key asset, enabling a range of value-add strategies.
Commercial Investment Market – Yields & Rents in TW1
The TW1 postcode is a highly sought-after location for commercial and mixed-use investments, with strong demand from both occupiers and investors. Recent market evidence indicates that retail and office rents in St Margarets typically range from £25–£40 per sq ft per annum, depending on size and specification. Mixed-use freeholds in the area are achieving gross yields of 7.5%–8.5%, reflecting the strength of the local market and the appeal of assets with diversified income streams. The presence of major employers, excellent amenities, and ongoing regeneration activity further enhance the area’s investment credentials.
Palace Auctions London – Auction Process & Bidding Palace Auctions London is a leading specialist in the sale of high-yielding commercial and mixed-use properties across the capital.
Our transparent auction process ensures a level playing field for all bidders, with comprehensive legal packs and due diligence materials provided in advance. Prospective buyers are encouraged to register their interest early and review the " for full details of this and other available lots.
Our experienced team is on hand to guide you through every stage of the process, from initial enquiry to successful completion.
Legal Pack & Due Diligence
A comprehensive legal pack is available for 120 St Margarets Road, including title documents, leases, planning information, and searches. Buyers are advised to review these materials carefully and seek independent legal advice as part of their due diligence.
The property is offered with freehold tenure, providing maximum flexibility and control for the purchaser. For a free, confidential valuation of your own property, visit our " ".
Our team is committed to ensuring a smooth and efficient transaction for all parties.
Summary & Call to Action – Secure Your Mixed-Use Freehold Investment
Twickenham In summary,
120 St Margarets Road represents a rare chance to acquire a prime Mixed-Use Freehold Investment Twickenham with strong income, vacant upper floors for value-add, and exceptional transport links.
The property’s flexible layout, planning potential, and location in a vibrant, affluent neighborhood make it an outstanding choice for investors seeking both immediate returns and long-term growth.
For full particulars, legal documentation, and to arrange a viewing, visit the
Palace Auctions (London) LTD, London

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Additional information
Service charge
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Business rates
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Use class
Sui Generis
Year renovated
2025
Listed building
No
Floors in building
4
Planning permission
Pending
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Environmental data
BREEAM rating
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Environmental description
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Brochure

St Margarets Road, Twickenham, Richmond Upon Thames

NEAREST STATIONS

National Rail

St. Margarets Station

0.04 miles

National Rail

Twickenham Station

0.56 miles

National Rail
London Underground
London Overground

Richmond Station

0.98 miles

About Palace Auctions (London) LTD, London

Palace Auctions (London) LTD, London

Palace Auctions London is a leading property auctioneer, specialising in residential and commercial sales across all London boroughs and beyond. Our award-winning team combines unrivalled local expertise with global reach, offering both in-room and advanced online auctions for maximum exposure and certainty of sale. We provide transparent, competitive bidding, legally binding transactions, and a seamless process from expert valuation to completion—typically within 28 to 56 days.

Our services include free market appraisals, tailored marketing, legal pack preparation, and specialist advice for investors, developers, first-time buyers, and charities. With a 95% completion rate and record results in prime London areas, we deliver swift, secure sales and outstanding value for every client.

Contact our Mayfair office for a confidential discussion about your property needs.

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Disclaimer - Property reference ERSRM51. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Palace Auctions (London) LTD, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.