Castle Street, Kingston upon Thames
Prime Investment Opportunity. Blakes are pleased to present this attractive recently refurbished mid-terraced, fully let FREEHOLD retail/'residential building in Central Kingston within the pedestrianized cafe area benefiting from high footfall.
The ground floor consists a recently refitted Japanese restaurant/take-away of approximately 52sq.m (560sq.ft) and a self-contained spacious split level 2 bedroom flat occupying the first and second floors of the building. The flat has also been recently refurbished throughout and has a gross internal area of approximately 67.5sq.m (725sq.ft.) therefore offering total accommodation of circa 1285sq.ft.
The entire building has been let on a new full repairing and insuring (FRI) lease commencing August 2021 for a term of 10 years at an initial rental of £42,000 per annum (representing a gross initial yield of 4.65% before purchasers costs).
Opportunities to acquire freehold interests in Central Kingston are rare and we would therefore encourage early enquiries.
Please call Blakes Chartered Surveyors and Estate Agents on 020 8296 1234 for further information or to arrange a viewing.
- Prominent Town Centre Location
- Rarely Available
- Town Centre Location
Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.