The Royal Borough of Kingston upon Thames, is a dominant retail and affluent commuter town 12 miles south west of central London.

The subject property is located on the pedestrianised Church Street in the heart of Kingston’s retail and catering district, connecting Clarence Street to Market Place.

It comprises two adjoining retail units situated in a prime trading location, close to it’s junction with Market Place and Clarence Street, with nearby occupiers including Gails, Clarendon Fine Art, Ole and Steen and L’Occitane. Approximately 56% of the income is rebased, offering potential for future growth.

The investment is let to the strong covenants of United Peaks Limited t/a Happy Socks & Havaianas and Fone World UK Limited.

The property is freehold and the WAULT to expiry is 7.9 years and 2.9 years to break. The total combined passing rent is £150,000 per annum.

We are instructed to seek offers in excess of £1,800,000 (One Million Eight Hundred Thousand Pounds) subject to contract and exclusive of VAT, which reflects a net initial yield of 7.84%, after allowing for the deduction of standard purchasers’ costs.