93-101 Clarence Street, Kingston Upon Thames, Surrey, KT1
£322.02 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
15,527 sq ft
1,443 sq m
- SECTOR
High street retail property for sale
Description
* Kingston benefits from its strong transport infrastructure, providing frequent and direct travel to Central London and surrounding boroughs.
* New 10 year lease agreed with Uniqlo in September 2023.
* Uniqlo lease is subject to annual CPI linked uplifts with a collar and cap at 1%-3%.
* New 15 year lease to Oseyo from 2022 (TBO in year 10) at a rent of £120,000 per annum.
* Oseyo rent is reversionary in 2027 to our ERV of £150,000 pa.
* The property benefits from future development opportunities to add residential accommodation above the existing retail (STPP).
* Capital value extremely well underpinned by alternative use value.
* Current Rent: £398,955 per annum.
* ERV in 2027 £443,077 per annum.
* Freehold.
Brochures
93-101 Clarence Street, Kingston Upon Thames, Surrey, KT1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Kingston Station0.1 miles
- Hampton Wick Station0.5 miles
- Norbiton Station0.8 miles
About FMX Urban Property Advisers, FMX Urban Property Advisers
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