The property comprises a self contained ground floor corner commercial unit of approximately 1,830 sq ft GIA forming part of a recently built development by Berkeley Homes.
The unit has been fully fitted out by the Tenant to include a tutoring area, WCs, and private office, and benefits from comfort cooling, suspended ceiling, integral LED lighting and full height glazed frontages.
Explore Learning hold a full repairing and insuring lease, inside the Act, expiring on the 9th May 2029 at a rent of £32,940 per annum exclusive, ie reflecting a low passing rent of £18 per sq ft.
We are offering a reversionary investment opportunity with the potential to increase the rental income at lease expiry to £50,325 per annum, ie £27.50 per sq ft based on current market levels.
A 999 year lease at a peppercorn ground rent.
The property is elected for VAT.
|Ground Floor Retail Investment
||1,830 sq ft - 170 sq m
||£475,000 long leasehold
1,830 sq ft
(170 sq m)
Built by Berkeley Homes in 2019 and comprising 315 homes, the Queenshurst development is prominently located immediately to the north of Kingston town centre just off Richmond Road (A307 - the main arterial route to Richmond) and a short walk from Kingston Railway Station.
Directly opposite the property is a Sainsbury’s Superstore and Nuffield Health Centre with a large public car park offering ample car parking. Kingston town centre is regarded as one of the premier shopping centres in Greater London.
A regular train service from Kingston Railway Station allows easy connections to Clapham Junction, Wimbledon and Richmond, with journey times to London Waterloo of approximately 30 minutes.