SOLD – 21-27 Church Street, Kingston-upon-Thames, KT1 1RW

Tenure:
Freehold

Location:
Kingston-upon-Thames
Address:
21-27 Church Street, Kingston-upon-Thames, KT1 1RW

Area:
4933 Sq ft

Property Details

  • Kingston-upon-Thames is a leading and renowned retail and commercial centre located within affluent South West London
  • Highly prominent retail pitch situated within the heart of Kingston’s town centre, close to the famous Bentall Centre and John Lewis
  • Attractive property with fully glazed return frontages
  • Two well configured retail units arranged over ground and first floors
  • Let to 5A1 covenants White Stuff and Molton Brown providing a total current income of £455,000 per annum
  • AWULT of 5 years to expiry and 5.46 to break
  • Affluent primary retail market area population of 363,000 providing a PROMIS ranking of 31 out of 200
  • Opportunities for asset management and adding value by building upwards and extending the building to add an additional two floors for residential use (subject to planning permission)
  • We are instructed to seek offers in excess of £9,480,000 (Nine Million Four Hundred and Eighty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 4.50% allowing for standard purchaser’s costs of 6.69%.

Kingston-upon-Thames is one of the UK’s leading commercial and retailing centres and is one of only six Royal Boroughs in England and Wales.

The town is located in the affluent South West of Greater London, within the M25 London Orbital motorway, approximately 5 miles south of Richmond, 11 miles west of Croydon and 12 miles south west of Central London.

Freehold