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145 London Road
Kingston upon Thames
KT2 6NH

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Size 8,994 sq ft (835.87 sq m)
Price Offers in excess of £1.75 million
VAT VAT is not applicable
A single storey vehicle workshop and MOT testing centre with two storey offices which are used as a ground floor customer reception, and first floor conference/class room and bicycle workshop and store. A secure yard provides car parking spaces and a loading area. There are staff and customer washroom facilities on the ground floor, and a kitchen at first floor level.
On the north side of London Road, In a busy roadside position on the main A308 approach to Kingston town centre from Kingston Hill, almost opposite its junction with Cambridge Road. Kingston and Norbiton railway stations and the main shopping centre are all within 10 minutes walking distance.

Accommodation

The property is let to Halfords Autocentres Limited on a full repairing and insuring lease for a term of 15 years expiring on 18th April 2028. The rent is reviewed every 5 years, upwards only to RPI, collared and capped at 1% - 3% pa compound over 5 years. The current rent is £88,334 pax.

Floor Size
Ground floor - Vehicle Workshop 5,900 sq ft (548.33 sq m)
Ground floor - Reception/Customer Services 1,274 sq ft (118.40 sq m)
First floor - Conference Room & Workshop 1,820 sq ft (169.14 sq m)
Total 8,994 sq ft (835.87 sq m)

Amenities

  • Low capital value of £195 per sq ft
  • Highly reversionary yield of 4.73%
  • FR&I Lease expiring in April 2028
  • B2 Planning permission
  • Current rent £88,334 pax
  • Not elected for VAT

Contact

Crispin d’Albertanson
T: 07710 066 629
crispin@martincampbell.co.uk

James Haines
T: 07767 261 559
james@martincampbell.co.uk

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