Retail premises for sale in High Street, New Malden KT3

Freehold offers in excess of £950,000.00.

Prime High St investment opportunity with development potential, subject to any necessary consents.

New Malden has a busy and thriving High St and the property is in an area of high footfall.

Comprising two shops, separate small rear workshop and three floors of offices, the property is currently fully occupied and an area of the rear yard will be included in the demise.

Approximate floor areas;

153 High St (shop)- 44 m sq.
155 High St (shop)- 39 m sq.
149 High St (workshop)- 14.5 m sq.
151 High St (upper offices)- 105 m sq.

Leases/Rents;

153 High St is occupied by one of our clients, currently at nil rent- lease expired in 2016. Vacant possession possible on completion.
155 High St is let to Adorn Jewellers at a current rent of £12,996 p.a.- lease expired in 2014.
149 High St is let to Ochirbat Davgadorj for a term of 12 months from 1st January 2023 at £, 4,200 p.a.
151 High St is let to My Homecare Kingston Ltd for a term of 36 months from 1st November 2021 at £12,800 p.a.

Total current income of £29,996 p.a. No rent is shown for No 153 and it is considered there is significant scope to increase the rental yield, along with potential to develop.

All R.V.'s currently appear to be below £12,000- please verify.

Early viewings recommended. By appointment only- please do not disturb the current tenants.