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93-101 Clarence Street 2 Retail Properties Offered at $9,120,754 CAD 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 | $9,120,754 CAD | Number of Properties | 2 |
| Price / SF | $587.41 CAD / 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 | $9,120,754 CAD |
| Price / SF | $587.41 CAD / 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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