24 Clarence Street, Kingston upon Thames

Sold

Investment summary

 

  • Kingston-upon-Thames is a premier retailing centre in South West London
  • Trophy asset
  • Freehold
  • Exceptionally prominent retail unit, occupying a 100% prime position on Clarence Street
  • Modern, well configured retail accommodation, totalling 399.57 sq m (4,301 sq ft), arranged over ground and first floors
  • Leased to Hema Retail Limited, with surety from Hema BV and French Connection Group plc (D&B rated 5A1), for a term expiring on 17th August 2018
  • The current rent is £482,000 per annum exclusive

 

Proposal

 

We are instructed to seek offers in excess of £10,500,000 (Ten Million, Five Hundred Thousand Pounds), subject to contract and exclusive of VAT.

A purchase at this level would reflect a Net Initial Yield of 4.34%, allowing for purchaser’s costs of 5.80%.

 

Location

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Next steps

Contact Us

 

John Burnside
+44 (0)20 7544 2041
+44 (0)7730 817 046
john.burnside@capita.co.uk

John Shaw
+44 (0)20 7544 2038
+44 (0)7808 479 289
john.shaw2@capita.co.uk