Description
The premises are on a site with a frontage to the east side of Hook Road of approximately 18.94m or 62ft.
The site has an area of approximately 0.305 acres or 0.123 ha.
The building at the front of the site comprises a retail unit on the ground floor, let to KS&Co Accountants, where part has been sublet to a dry cleaner/tailor. The two floors of offices above are let to Network Kingston Ltd as a serviced office centre. The building at the rear comprises an industrial unit occupied by Halfords Auto Centres Ltd.
Between the two buildings is an open area of land which provides access to the offices on the first and second floors of the front building, and to the rear industrial building plus a total of 19 car parking spaces.
Yearly rental income of £126,260.07
Price
£1,850,000 for the freehold interest subject to the leases as described on the schedule below. After adding purchasers costs of 6.7% this shows a net initial yield on the current rents of 6.27%.
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