Jordan Keating
jordank@jacksoncriss.co.uk
020 7637 7100
PRIME FREEHOLD REVERSIONARY RETAIL INVESTMENT FOR SALE
• The Royal Borough of Kingston upon Thames, is a dominant retail and affluent commuter town located 12 miles south
west of central London.
• 38% of the catchment population are represented in the highest AB social group, compared to a 22% UK average.
• Kingston is a thriving area and is undergoing significant regeneration.
• Resilient residential property market with capital values at c.£900 psf for some new build apartments.
• Located in a prime trading location on the pedestrianised Clarence Street.
• 10,101 sq ft of accommodation arranged over ground, basement and two upper floors.
• Let to the undoubted covenant of Superdrug Stores PLC who have been in occupation for over 20 years.
• 10,101 sq ft of accommodation arranged over ground, basement and two upper floors.
• Let to the undoubted covenant of Superdrug Stores PLC who have been in occupation for over 20 years.
• Total current passing rent of £335,000 per annum, reduced from the previous passing rent of £623,850 pa at the 2022
lease renewal.
• Estimated rental value of £350,000 per annum based on a conservative £165 ZA.
• Potential residential development opportunity on the upper floors and airspace above, subject to planning and vacant
possession.
Tenure:
Freehold
Lot Size:
10,101 sq ft sqm
Yield:
6.75 %
Price:
£4,650,000
Contact:
PHILIP HAY BSc (Hons) MRICS
phay@jacksoncriss.co.uk
07770 580 590
RHODRI JONES BSc (Hons) MSc
rjones@jacksoncriss.co.uk
07570 684 444