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Tenure: Leasehold (999 years remaining)

Investment Opportunity. A well located and prominent Class E retail unit located on Cambridge Road, Kingston currently trading as a convenience store and producing an annual income of £12,000 per annum. Available on a new 999 year lease subject to the occupational tenancy.

The premises has been operated as a convenience store for many years and benefits from regular footfall and repeat custom. The premises can be accessed from both the front and rear elevations of the building via a rear access road, ideal for loading and unloading of goods.

The occupational lease has a term expiring in 2026 and is currently producing an annual income of £12,000 per annum.

Measurements taken from the Valuation Office Agency indicate the property has an approximate net internal area of 40sq.m. The current rateable value for the property effective 2023 is £11,000 per annum.

This is an ideal opportunity for an investment buyer to purchase a ready income producing asset with a long standing tenant in situ. Please note that the proposed sale does not affect the trading business that is in situ and no approach to staff regarding the sale of the premises should be made.

Please call Blakes Chartered Surveyors and Estate Agents for further information or to arrange a viewing.

Tenure: Leasehold (999 years)
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Blakes Chartered Surveyors & Estate Agents - Kingston upon Thames

2 Kingston Hill Kingston upon Thames, Surrey KT2 7NH

020 8115 1483

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With over 25 years collective experience within the property industry BLAKES has been formed to offer a complete service whatever your needs and requirements. We offer an all-encompassing service including sales, lettings and property management through to specialist chartered surveying services and you will find our advice and commitment to customer satisfaction second to none. We aim to eliminate as much of the stresses and strains often associated with the industry and you will discover that we also go that extra mile to ensure that dealing with BLAKES is as pleasurable as possible. Our practice is owned and run by qualified professionals and completely independent allowing us to offer flexible and truly customer focused services to all of our clients. Whilst we offer ancillary services such as building surveying, mortgage advice and conveyancing through our network of trusted associates, unlike many corporate agencies these are strictly recommendations only and we will never pressurise you into using any of their services as part of any transaction. You will find that when you have any dealing with BLAKES that we conduct our business with sincerity, professionalism and expert knowledge. Added to which you will discover that our promises are always met and that our highest quality of presentation stand us apart from the competition. All of our business transactions with clients, suppliers or other stakeholders are conducted to the highest possible ethical standard. As chartered surveyors, all of the services that BLAKES offer are regulated by the Royal Institution of Chartered Surveyors (RICS) and we are also a licensed agent of the Association of Residential Lettings Agents (ARLA) giving you complete peace of mind and protection. Furthermore, as members of the Association of Leasehold Enfranchisement Practitioners (ALEP) we are part of a wide network of specialist leasehold advisors highly experienced in the field of residential lease extensions and collective enfranchisements. So if you have a property with a short lease and need to extend it, would like to acquire the freehold of your building or take on the management using RTM legislation we are well placed to assist and work with you to achieve the best possible result, utilising the statutory provisions within the Leasehold Reform Act.

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