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103 Clarence St 4,328 SF Retail Building Kingston Upon Thames KT1 1QY $2,626,031 CAD ($606.75 CAD/SF) 7% Cap Rate
Investment Highlights
- Prime freehold retail investment
- Reversionary potential & uplift
- Let to 2032 with no breaks
Executive Summary
The property comprises a prominent freehold retail investment in central Kingston-upon-Thames, let to Art-Line Limited at £105,000 per annum on a lease expiring March 2032. The upper floors offer long-term redevelopment potential subject to planning, with reversionary upside against an ERV of £125,000 per annum. The asset is being marketed at offers over £1.415m, reflecting a 7% NIY.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
4,328 SF
Building Class
B
Year Built
1987
Price
$2,626,031 CAD
Price Per SF
$606.75 CAD
Cap Rate
7%
NOI
$183,822 CAD
Tenancy
Single
Building Height
4 Stories
Slab To Slab
11’
Amenities
- Bus Line
- Signage
- Energy Performance Rating - C
- Storage Space
1 1
Nearby Major Retailers
1 of 4
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103 Clarence St
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