NEW LEASE AVAILABLE

The new mixed-use development will comprise private student residential of 58 studio apartments above a restaurant unit arranged over ground and basement with the following approximate net internal areas and dimensions: Tenure The premises are available by way of a new effective full repairing and insuring lease for a term of 20 years subject to five yearly upwards only rent reviews. Rent £160,000 per annum exclusive. Handover Condition The unit will be handed over in shell condition with capped services. Rates Business rates are to be reassessed upon completion of the development.  Interested parties are advised to make their own enquiries with the Local authority for verification purposes.
Less

Location Description

The property occupies a prominent corner position at the junction of Old London Road and Fairfield West in the town centre of Kingston upon Thames. Forming an extension of Clarence Street, the property is extremely visible from both the town's prime retailing pitch and the main arterial road serving the town centre. The area will directly benefit from British Land's extensive £400 million redevelopment of the Eden Walk Shopping Centre which was granted planning permission in May 2016 for the re-modelling of the existing 25,000 sq m shopping centre with plans to dramatically improve Kingston's restaurant and leisure offer, build 380 homes, 3,500 sq m office space, a new multi-screen cinema and multi-storey car park. The scheme is set to be delivered in late 2019.  The unit fronts the well-known "Out of Order" sculpture by David March resembling the fallen red telephone boxes. Nearby occupiers include Wilko's, Costwold Outdoors, Metro Bank and Uniqlo as well as a number of A3 operators including Pizza Hut and Creams Cafe. An extension of Clarence Street links the property to The Rotunda Leisure Scheme which is home to the Odeon Cinema, Five Guys, Pizza Express, Prezzo and more. A street traders plan is attached.
Less

Sizes and Measurements

Total Size

3,991sqft

Sales Area

3,991sqft

Gross Frontage Width

36 ft 3 in

Return Frontage Width

63 ft 5 in

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

2,469sqft

Status

Under offer

Available from

Now

Basement

Details

Retail

Size

1,522sqft

Status

Under offer

Available from

Immediately

Lease Information & Charges

Available from

Immediately

Rent Review Cycle

5

Lease type

New

For rent

£160,000/pa

Floorplan

Map Data
Map data ©2017 Google
Map DataMap data ©2017 Google
Map data ©2017 Google
Map
Satellite
BESbswy