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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

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