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PRIME REBASED FREEHOLD RETAIL INVESTMENT IN AN AFFLUENT LONDON BOROUGH

  • The Royal Borough of Kingston upon Thames is a dominant retail and affluent commuter town 12 miles south west of central London.
  • Located within the pedestrianised Market Place in the heart of Kingston’s retail and catering district.
  • Benefits from close proximity to Kingston Market.
  • Following a competitive letting process the vendor has recently completed a new lease with Hotter Shoes Limited for a 5 year term certain at a rebased rent of £120,000 pa. The lease is guaranteed by Woolovers Limited who have an Experian rating of 100/100 reflecting a very low risk.
  • Potential residential development opportunity on the upper floors and airspace above, subject to planning.
  • Freehold.

Tenure:

Freehold

Yield:

7.49 %

Price:

£1,510,000

Contact:

Philip Hay BSc (Hons) MRICS
07770 580 590
phay@jacksoncriss.co.uk

Rhodri Jones BSc (Hons) MSc
07570 684 444
rjones@jacksoncriss.co.uk

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PRIME FREEHOLD MULTI LET RETAIL INVESTMENT IN AN AFFLUENT GREATER LONDON COMMUTER TOWN