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103 Clarence St 4,328 sq ft Retail Property Kingston Upon Thames KT1 1QY £1,415,000 (£326.94/sq ft) 7% Net Initial Yield
Investment Highlights
- Prime freehold retail investment
- Reversionary potential & uplift
- Let to 2032 with no breaks
Executive Summary
The property comprises a prominent freehold retail investment in central Kingston-upon-Thames, let to Art-Line Limited at £105,000 per annum on a lease expiring March 2032. The upper floors offer long-term redevelopment potential subject to planning, with reversionary upside against an ERV of £125,000 per annum. The asset is being marketed at offers over £1.415m, reflecting a 7% NIY.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
4,328 sq ft
Costar Property Class
B
Year Built
1987
Price
£1,415,000
Price per sq ft
£326.94
Yield
7%
NOI
£99,050
Tenancy
Single
Number of Floors
4
Floor To Floor Height
11 ft
Amenities
- Bus Route
- Signage
- EPC - C
- Storage Space
1 1
Nearby Major Retailers
1 of 4
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Photos
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103 Clarence St
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