Sold
153-161 Clarence Street, Kingston Upon Thames, Surrey
London - M25
dba288
Mixed Use£3,805,000
Tenure: Freehold
Tenancy: Multi Let
Investment summary
•Kingston Upon Thames is an affluent town 18km (11 miles) south west of Central London.
•Substantial period Freehold building.
•Strategically positioned adjacent to prime retailing pitch close to Kingston mainline railway station and other restaurant and leisure users including the Rotunda Multiplex complex.
•Over 90% of the income is let to JD Wetherspoons Plc, for an unexpired term in excess of 20 years.
•Current total rent of £283,500 per annum.
•Offers are invited in the region of £4,290,000 reflecting a net initial yield of 6.25% assuming purchasers costs of 5.7625% subject to contract and exclusive of VAT.