Retail Investment Opportunity, 149, 151, 153 & 155 High Street, New Malden, KT3 4BH

Prime High St investment opportunity with development potential, subject to any necessary consents.

Comprising two shops, separate small rear workshop and three floors of offices, the property is currently fully occupied and an area of the rear yard will be included in the demise.

Location

Prime location close to many multiples including Nando's, Pizza Express, KFC, Shoezone, Boots, W H Smith, Lidl, Starbucks and Costa. New Malden station with it's fast service to Waterloo is within easy walking distance and there is a public car park in Blagdon Rd, opposite the property.

New Malden has a busy and thriving High St and the property is in an area of high footfall.

Accommodation

Approximate floor areas;

153 High St (shop) - 44 sq m (474 sq ft)

155 High St (shop) - 39 sq m (420 sq ft)

149 High St (workshop) - 14.5 sq m (156 sq ft)

151 High St (upper offices) -  105 sq m (1,130 sq ft)

Total - 202.5 sq m (2,180 sq ft)

Terms

Leases/Rents;

153 High St is occupied by one of our clients, currently at nil rent- lease expired in 2016. Vacant possession possible on completion.
155 High St is let to Adorn Jewellers at a current rent of £12,996 p.a.- lease expired in 2014.
149 High St is let to Ochirbat Davgadorj for a term of 12 months from 1st January 2023 at £,4,200 p.a.
151 High St is let to My Homecare Kingston Ltd for a term of 36 months from 1st November 2021 at £12,800 p.a.

Total current income of £29,996 p.a. No rent is shown for No 153 and there is therefore  good scope to increase the rental yield along, along with potential to develop in the future, subject to any consents.

Specification