Retail premises for sale in Cambridge Road, Norbiton, Kingston Upon Thames KT1
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Property description
Description
Investment Opportunity. A well located and prominent Class E retail unit located on Cambridge Road, Kingston currently trading as a convenience store and producing an annual income of £12,000 per annum. Available on a new 999 year lease subject to the occupational tenancy.
The premises has been operated as a convenience store for many years and benefits from regular footfall and repeat custom. The premises can be accessed from both the front and rear elevations of the building via a rear access road, ideal for loading and unloading of goods.
The occupational lease has a term expiring in 2026 and is currently producing an annual income of £12,000 per annum.
Measurements taken from the Valuation Office Agency indicate the property has an approximate net internal area of 40sq.m. The current rateable value for the property effective 2023 is £11,000 per annum.
This is an ideal opportunity for an investment buyer to purchase a ready income producing asset with a long standing tenant in situ. Please note that the proposed sale does not affect the trading business that is in situ and no approach to staff regarding the sale of the premises should be made.
Please call Blakes Chartered Surveyors and Estate Agents for further information or to arrange a viewing.
Tenure: Leasehold (999 years)
Shiva
Property info
For more information about this property, please contact
Blakes Chartered Surveyors & Estate Agents, KT2 on +44 20 3641 5366 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blakes Chartered Surveyors & Estate Agents, and do not constitute property particulars. Please contact Blakes Chartered Surveyors & Estate Agents for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.