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Enquire about this listing or request viewing:
Reduced
Price/premium:
£950,000
Rent:
£29,996 Per annum
Size:
202 Square meter
Ref #3132
Address
Address:
149, 151, 153 & 155 High Street
Town:
New Malden
Area:
Surrey
Postcode:
KT3 4BH
Location
Prime location close to many multiples including Nando's, Pizza Express, KFC, Shoezone, Boots, W H Smith, Lidl, Starbucks and Costa. New Malden station with it's fast service to Waterloo is within easy walking distance and there is a public car park in Blagdon Rd, opposite the property.
Description
Freehold guide price £950,000.
Prime High St investment opportunity.
New Malden has a busy and thriving High St and the property is in an area of high footfall.
Comprising two shops, separate small rear workshop and three floors of offices, the property is currently fully occupied and an area of the rear yard will be included in the demise.
Approximate floor areas;
153 High St (shop)- 44 m sq. EPC band D.
155 High St (shop)- 39 m sq. EPC band C.
149 High St (workshop)- 14.5 m sq. EPC band D.
151 High St (upper offices)- 105 m sq. EPC band E.
Leases/Rents;
153 High St is occupied by one of our clients, currently at nil rent- lease expired in 2016. Vacant possession possible on completion.
155 High St is let to Adorn Jewellers at a rent of £18,000 p.a.- 5 years from 2025.
149 High St is let to Ochirbat Davgadorj for a term of 12 months from 1st January 2023 at £,4,200 p.a.
151 High St is let to My Homecare Kingston Ltd for a term of 5 years at £16,000 p.a.
Total current income of £38,200 p.a. No rent is shown for No 153 and there is therefore good scope to increase the rental yield, along with some possible potential to develop in the future, subject to any consents.
Early viewings recommended. By appointment only- please do not disturb the current tenants.
General Information
Tenure:
Freehold
Price/premium:
£950,000
Rent:
£29,996
Per annum
Legal fees:
Each party to bear their own
Rateable value:
All R.V.'s currently appear to be below £12,000- please verify.
Features
Close to many multiples
Close to station
Commercial investment
Densely populated area
Development potential
Early viewing recommended
Prime pitch
Three storey
Floorplan(s)
Important Notice
Information supplied by franklin commercial is intended as a general guide only & should always be verified by you prior to contract (we do not usually inspect leases/service charge accounts etc or test any amenities/services). We do not guarantee the accuracy of approximate measurements/areas quoted, plans or any other information, which may have been supplied to us by Clients. Our descriptions do not form part of any contract and nothing is included unless it is in the solicitors contract for sale. All inspections/negotiations must be conducted through us & information should not be transmitted to 3rd parties. Under no circumstances may a direct approach to the business, vendor or lessee be made - staff are usually unaware of a proposed sale. Rents/Prices quoted are always exclusive of V.A.T. (if applicable).