The property comprises 2, two and three storey buildings with ground floor retail units and a single separate residential dwelling above. In addition there are single storey storage and office/workshop buildings to the rear.
( Agency Pilot Software Ref: 292 )
Location
The property is located in Old London Road on the eastern fringes of Kingston town centre, approximately 400 metres to the east of Clarence Street. Old London Road is where a number of the town’s independent retailers are located. Multiple retailers nearby include Wilkinsons, Fabricland, Bensons for Beds and Princess Alice Hospice and Maplin.
Accommodation
Approximate Site Area - 4,611 sq ft (428 sq m)
Terms
LEASES
A tenancy schedule is available upon request.
PLANNING
This part of Old London Road is designated as an Area of Special Character. All of 35 Old London Road and parts of 37 are designated as Buildings of Townscape Merit. Planning consent was granted in 2013 for a change of use at 35 Old London Road to A3 restaurant and café. In 2012 planning consent was granted for a change of use at 37 Old London Road to a tattoo studio (sui generis).
PRICE
Guide price of £1,500,000 for the freehold interest subject to the current leases.
RATES
35 Old London Road has a rateable value of £26,750 with rates payable for the year 2017/2018 of £12,525. 37 Old London Road has a rateable value of £17,000 with rates payable for the year 2017/2018 of £7,922. These are the full amounts payable and take no account of any reliefs that might be available.
EPC
The ground floor retail units 35 and 37 have an EPC rating of E-111 and C-51 respectively. The flat has an EPC rating of F-34.
Specification
- Development potential STTP
- Town centre location
- Retail and residential investment
- Retail leases expire in 2018