icons_size_white icons_size
menu

Agent's details

145 London Road, Kingston upon Thames. Industrial/Warehouse Investment

For sale: £1,750,000.00|8,994 Sq Ft|Offices, General Industrial, Office, Industrial

Property details

FOR SALE£1,750,000.00
SIZE8,994 Sq Ft
ADDRESS 145, London Road, Kingston Upon Thames, KT2 6NH
TYPEOffices, General Industrial, Office, Industrial
TENUREInvestment Opportunity
POSTED ON25th January 2024

Description

Freehold sales of this single storey vehicle workshop and MOT testing centre with two storey offices which are used as a ground floor customer reception, and first floor conference/class room and bicycle workshop and store. A secure yard provides car parking spaces and a loading area. There are staff and customer washroom facilities on the ground floor, and a kitchen at first floor level. The property is let to Halfords Autocentres Limited on a full repairing and insuring lease for a term of 15 years expiring on 18th April 2028. The rent is reviewed every 5 years, upwards only to RPI, collared and capped at 1% - 3% pa compound over 5 years. The current rent is £88,334 pax. .Situated on the north side of London Road, In a busy roadside position on the main A308 approach to Kingston town centre from Kingston Hill. Offers in excess of £1.75 million, subject to contract, reflecting a low capital value of £195 per sq ft and a reversionary yield of 4.73% assuming purchaser's cost of 6.59%.. No VAT payable.

Location

marker
Location: 145, London Road, Kingston Upon Thames, KT2 6NH

Richmond (3.7 miles)

Wimbledon (3.7 miles)

Morden (4.2 miles)

Norbiton (0.4 miles)

Kingston (0.4 miles)

Hampton Wick (0.9 miles)

close
What do you think of our website?
Complete our survey and
you could win £1000
Start here