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.
