Retail premises for sale in Castle Street, Kingston Upon Thames KT1
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Property features
- Freehold
- Prominent Town Centre Location
- Rarely Available
- Town Centre Location
Property description
Description
Prime Investment Opportunity. Blakes are pleased to present this attractive recently refurbished mid-terraced, fully let freehold retail/'residential building in Central Kingston within the pedestrianized cafe area benefiting from high footfall.
The ground floor consists a recently refitted Japanese restaurant/take-away of approximately 52sq.m (560sq.ft) and a self-contained spacious split level 2 bedroom flat occupying the first and second floors of the building. The flat has also been recently refurbished throughout and has a gross internal area of approximately 67.5sq.m (725sq.ft.) therefore offering total accommodation of circa 1285sq.ft.
The entire building has been let on a new full repairing and insuring (Fri) lease commencing August 2021 for a term of 10 years at an initial rental of £42,000 per annum (representing a gross initial yield of 4.65% before purchasers costs).
Opportunities to acquire freehold interests in Central Kingston are rare and we would therefore encourage early enquiries.
Please call Blakes Chartered Surveyors and Estate Agents on for further information or to arrange a viewing.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
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.