Please view by appointment only and do not disturb the tenants.
A substantial fully let, mixed use investment comprising three shops (one with ancillary first floor accommodation), a rear warehouse/stores, plus a well presented split level apartment.
The entire investment comes to the market for the first time having been in the same family ownership for many years.
The commercial tenants are well established and benefit from the prominent location on the Portsmouth Road and consequent traffic flow in front of the parade.
Properties
No 1 Criterion Buildings – A shop unit with storage/ancillary accommodation over (accessed from within the shop) and rear yard. Let to Absolute Ceramics Ltd.
No 1a – Shop unit which interconnects with No 1. Bleakleys Tile Centre.
No 1a (flat) – A self contained two bedroom flat arranged over ground and first floor and accessed from the front of the building. Let on AST agreement.
No 1b – A single storey building comprising a shop with small rear yard. Let to 'The Deli.'
Large Warehouse & stores – To the rear of 1 and 1b and the rear of 2–6 Kings Drive. Let to same tenant as 1/1a.
For clarity, Bleakleys Tile Centre occupy a third unit (No 2) which interconnects with No 1 Criterion Buildings. No 2 is under separate ownership and not included in the demise being sold.
Location
Prominent position on the A307 Portsmouth Road, close to the junction with Thorkhill Road and Ferry Road. Kingston town centre is a 10 minute drive (circa 2.5 miles) away. There is an element of street parking in front of the parade and a public car park close by.
Accommodation
Approximate floor areas –
No 1 & 1a – shop with upper ancillary accommodation (1) plus interconnecting shop (1a) – 1,814 sq ft. EPC band C.
No 1a Flat – 882 sq ft. EPC band D.
No 1b – Shop 561 sq ft. EPC band B.
Warehouse & Stores – 2,783 sq ft.
Terms
Guide Price: £835,000.
Tenure: Freehold.
Leases: No 1, No 1a, Warehouse/stores and yard let at £31,000 p.a. on a 20 year F.R.I. lease from 18th May 2026 with 5 yearly rent reviews. Lease drafted within the Landlord and Tenant Act 1954. No Director Guarantee/Rent Deposit, but the tenant has been in situ for circa 30 years with an excellent rental payment record.
No 1b Shop let at £12,000 p.a. on a 10 year I.R.I. lease from 24th January 2026 with 5 year rent review. Lease drafted outside the Landlord and Tenant Act 1954 with Director's Guarantee – no Rent Deposit.
No 1a Flat let on AST at £14,400 p.a.
Rent details: Total gross income of £57,400 p.a.
Legal Fees: Not specified.
VAT: Rents/Prices quoted are always exclusive of V.A.T. (if applicable).
Specification
- Fully let investment
- On street parking
- Freehold
- Viewings by appointment only
- Visually prominent