Retail

72-80 Clarence Street & 37-39 Wheatfield Way, Kingston-Upon-Thames 

 

Price: £5,150,000 - Initial Yield:5.35%

Date: Q3 2017

Acting on behalf of APAM we advised on the sale of this multi-let High Street investment for £5.15m, reflecting a net initial yield of 5.35%.

The subject property provides a substantial retail parade with approximately 8,024 sq ft positioned on Clarence Street, the town’s most principle retail thoroughfare. 85% of the income is secured to covenants with a minimum risk of business failure, with an attractive WAULT of 9.8 years to expiry and 4.8 years to break. Current passing rent is £294,700 pa.

Contact

Tony Burling

Tel: 020 7493 3330
Mob: 07860 555 769
tburling@lewisellis.co.uk

James Elkington

Tel: 020 7493 3330
Mob: 07810722459
jelkington@lewisellis.co.uk


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