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93-101 Clarence Street 2 Retail Properties Offered at $6,673,429 in Kingston Upon Thames
INVESTMENT HIGHLIGHTS
- Offers over £5M with an NIY of 7.50%
- Prime Kingston pitch with major development potential (STPP).
- £398,955 p.a. income, rising to £443,077 ERV by 2027
EXECUTIVE SUMMARY
A highly prominent freehold retail portfolio located on Clarence Street, Kingston upon Thames. The properties are fully let to strong covenants, producing a combined income of £398,955 per annum, rising to an ERV of £443,077 by 2027. Both leases benefit from long terms and CPI-linked uplifts, providing secure and growing income. Offers are sought in excess of £5,000,000, reflecting a net initial yield of 7.50%, increasing to 8.31% in 2027 and a low capital value of £279 per sq ft. The assets occupy a prime position on Kingston’s main retail pitch and offer significant development potential to create 21 residential units above, subject to planning.
PROPERTY FACTS
| Price | $6,673,429 | Number of Properties | 2 |
| Price / SF | $429.80 / SF | Individually For Sale | 0 |
| Cap Rate | 7.50% | Total Building Size | 15,527 SF |
| Sale Type | Investment | Total Land Area | 1.54 AC |
| Status | Active |
| Price | $6,673,429 |
| Price / SF | $429.80 / SF |
| Cap Rate | 7.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 15,527 SF |
| Total Land Area | 1.54 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 93-97 Clarence St, Kingston Upon Thames KT1 1QY | Retail | 13,614 SF | 1901 | - |
| 99-101 Clarence St, Kingston Upon Thames KT1 1QY | Retail | 1,913 SF | 1901 | - |
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93-101 Clarence Street
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