St Margarets Road, Twickenham, Richmond Upon Thames

LOT 44 | 120 St Margarets Road, Twickenham, TW1
Mixed-Use Freehold Investment – Auction at Claridge's, Mayfair, 23rd September 2026
Full property details & legal pack
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The Headlines:
A rare mixed-use freehold investment opposite St Margarets Station, offered as Lot 44 at Palace Auctions' Claridge's sale. Secure commercial income, vacant upper floors with strong value-add potential, and a projected gross yield of circa 8.2%.
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INTRODUCTION: MIXED-USE FREEHOLD INVESTMENT, TWICKENHAM
Welcome to a truly exceptional mixed-use freehold investment opportunity at 120 St Margarets Road, TW1. This magnificent four-storey freehold property stands directly opposite St Margarets Station, placing it at the heart of one of South West London's most desirable and affluent neighbourhoods.
With a guide price of £1,000,000 and a projected gross income of circa £98,000+ per annum when fully let (a figure which has previously been achieved), 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.
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PRIME COMMERCIAL UNITS – SECURE INCOME STREAM
The ground floor 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.
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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. 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 let, contributing to the overall income stream.
The vacant upper floors present a rare opportunity for investors to enhance returns through refurbishment, reconfiguration, or conversion, capitalising 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.
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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.
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CONVERSION OPPORTUNITY – CLASS MA PERMITTED DEVELOPMENT
A standout feature of this investment 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.
Buyers should confirm current Class MA eligibility and any local restrictions directly with the London Borough of Richmond upon Thames and via the GOV.UK Planning Portal.
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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.
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ST MARGARETS NEIGHBOURHOOD – 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.
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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.
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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.
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MATERIAL INFORMATION & COMPLIANCE
Key Facts Details
Tenure Freehold
Property Type Mixed-use (commercial + residential), 4 storeys
Ground Floor 2 commercial units, let
Upper Floors 3 residential units (1st & 2nd vacant, 3rd let)
Guide Price £1,000,000
Projected Gross Income c. £98,000+ p.a. when fully let
Projected Gross Yield c. 8.2%
Planning Class MA permitted development potential for upper floors (subject to prior approval)
Conservation Area Yes
Auction Lot 44 – 23rd September 2026, Claridge's, Mayfair
Legal pack available, 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.
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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 full catalogue for 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.
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SUMMARY: SECURE YOUR MIXED-USE FREEHOLD INVESTMENT, TWICKENHAM
120 St Margarets Road (Lot 44) represents a rare chance to acquire a prime mixed-use freehold investment 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 neighbourhood make it an outstanding choice for investors seeking both immediate returns and long-term growth.
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CALL TO ACTION & PROFESSIONAL ADVICE
Register your interest in Lot 44 – 120 St Margarets Road today.
• Auction Date: 23rd September 2026
• Venue: Claridge's, Brook Street, Mayfair, London W1K 4HR
• Lot Number: 44
Download the legal pack, arrange a viewing, and review the planning documentation via the Palace Auctions website. For investment analysis and valuation advice, contact the Palace Auctions team directly. For planning guidance, consult the GOV.UK Planning Portal and the London Borough of Richmond upon Thames Planning Department.
Always seek independent legal and financial advice before bidding.
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LOT 44 | 120 St Margarets Road, Twickenham, TW1 | Palace Auctions London
Auction: 23rd September 2026 | Claridge's, Mayfair, London