Jordan Keating
jordank@jacksoncriss.co.uk
020 7637 7100
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
