DESCRIPTION
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.
TENANCY
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.
TERMS
A 999 year lease at a peppercorn ground rent.
VAT
The property is elected for VAT.
ACCOMMODATION
| Floor |
Size |
Price/Rent |
Rates Payable |
| Ground Floor Retail Investment |
1,830 sq ft - 170 sq m |
£475,000 long leasehold |
|
| Total |
1,830 sq ft
(170 sq m) |
|
|
LOCATION
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.