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Drapers Court, Kingston Hall Road, Kingston Upon Thames, KT1 2BQ

£10,625,000

£327.46 per sq. ft.

Business rates & charges may apply

BNP Paribas Real Estate Advisory & Property Management UK Limited, City Agency
SIZE AVAILABLE
32,447 sq. ft.
(3,014 sq. m.)
SECTOR
Office for sale

Key features

  • Multi-let office within the affluent and desirable Royal Borough of Kingston upon Thames in South West London.
  • Self-contained 1980s ‘L’ shaped building with concrete frame and brick elevations.
  • ‘L’ shaped building with concrete frame and brick elevations.
  • Located in Kingston town centre on Kingston Hall Road. Kingston is an established office location with low office vacancy and planned office development.
  • 32,447 sq ft (3,014 sq m) net office accommodation across ground and five upper floors.
  • Multi-let to four tenants producing a total rent of £736,911 per annum (average of £23.04 psf).
  • Weighted average unexpired term of 3.04 years to expiries.
  • Low passing rents providing significant future rental growth potential.
  • Opportunities to refurbish and upgrade. All leases outside the Act.
  • Potential for alternative future uses given town centre location and the ability to gain vacant possession in 2021.

Property description

Tenure: Freehold

Description
Drapers Court comprises a self-contained ‘L’ Shaped 1980s office building arranged over ground and five upper floors. The ground, first and second floors are occupied by Kingston College’s fashion and languages faculties. The third and fifth floors are largely open-plan with the fourth floor split between two tenants.

The Royal Borough of Kingston upon Thames is an historic London suburb located on the River Thames, 12 miles south west of Central London and 8 miles south east of Heathrow Airport.

Drapers Court is a prominently situated office building 300 metres east of the River Thames on Kingston Hall Road, which forms part of the ring road that surrounds Kingston town centre. The building sits between Kingston College and the 417 space Rose Car Park. Immediately opposite Drapers Court is the Council’s substantial Guildhall complex.

To the rear of Drapers Court is The Arena, a gym complex owned and operated by Kingston College. Kingston Railway station is located 0.5 miles or a 10-minute walk to the north via Eden Walk.

VAT
Drapers Court is elected for VAT purposes. It is envisaged the sale will be structured as a transfer of a going concern (TOGC).

Drapers Court, Kingston Hall Road, Kingston Upon Thames, KT1 2BQ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Kingston Station0.4 miles
  • Hampton Wick Station0.5 miles
  • Surbiton Station1.0 miles

Notes

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Disclaimer - Property reference 69709-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by BNP Paribas Real Estate Advisory & Property Management UK Limited, City Agency. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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