103 Clarence Street

Description

• The Royal Borough of Kingston upon Thames is a leading affluent commuter town and leading retail centre 12 miles south west of Central London.
• Kingston benefits from its strong transport infrastructure, providing frequent and direct travel to Central London and surrounding boroughs.
• Kingston-upon-Thames’ shopping population is estimated at 618,000, positioning it 26th out of all PROMIS centres.
• The property occupies a prominent position on the northern side of Clarence Street - Kingston’s 100% prime retail thoroughfare.
• The property is let entirely to Art-Line Limited until 24th March 2032 without break, at a current rental of £105,000 per annum.
• The tenant recently removed their 2027 break option, showing their commitment to the store.
• We would apply an ERV of £125,000 per annum to the unit, reflecting £126 Zone A. Further information available upon request.
• Freehold.

Adopting an ERV of £125,000 per annum, a purchase at quoting terms would reflect a reversionary yield of 8.33% in March 2032.