Investment opportunity for sale in Kingston upon Thames

This property is marketed by:
Martin Campbell

Amenities

• Low capital value of £195 per sq ft
• Net initial yield of 4.14% rising to 4.73% in April 2023
• FR&I Lease expiring in April 2028
• B2 Planning permission
• Current rent £77.376 pax
• Reserved rent from April 2023 estimated at £88,334 pax
• Not elected for VAT

Description

A 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.

Location

On the north side of London Road, In a busy roadside position on the main A308 approach to Kingston town centre from Kingston Hill, almost opposite its junction with Cambridge Road. Kingston and Norbiton railway stations and the main shopping centre are all within 10 minutes walking distance.

Accommodation

Ground floor - Vehicle Workshop - 5,900 sq ft (548.33 sq m)

Ground floor - Reception/Customer Services - 1,274 sq ft (118.40 sq m)

First floor - Conference Room & Workshop - 1,820 sq ft (169.14 sq m).