Property for sale in High Street New Malden KT3

Sale Price: £495,000

High Street New Malden, KT3 4ET

Property
-- Bed(s)
-- Bath(s)
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Levene Commercial

 83 High Street Kingston Upon Thames
*When you call don't forget to mention Overstreet.co.uk
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Street Address

High Street New Malden, KT3 4ET

Property description


Fully let freehold investment situated in a prime High Street position. This mid terraced A2 retail unit is arranged over ground and 1st floor levels and is let entirely to William Hill Organisation Limited on a 15 year lease from 03.09.2010 at a current passing rent of £23,500 pa. The property is located on the east side of New Malden High Street directly opposite McDonalds and approximately 300 metres from New Malden train station with other nearby occupiers including Boots Opticians, Waitrose, Tesco, Costa Coffee, Specsavers Opticians and a number of High Street banks. There is an outstanding rent review from 03.09.2015 currently under negotiation and a break clause in September 2020. In our opinion, the property may offer some development potential to extend to the rear and/or obtain alternative uses such as residential at 1st floor level subject to vacant possession and the necessary planning permissions.

Property Features :

  • SECURE RETAIL INVESTMENT OPPORTUNITY
  • PASSING RENT: £23,500 PA
  • LEASE EXPIRY IN 2025
  • PRIME HIGH STREET PITCH
  • LET TO WILLIAM HILL
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