Retail premises for sale in Cambridge Road, Norbiton, Kingston Upon Thames KT1

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)
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