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Raynes Park – Unbroken Freehold Parade On a Large Corner Site Within an Affluent London Suburb with Development Potential (STP)
602-620 Kingston Road & 2A, 2B & 2C Prince George's Avenue, Raynes Park, London, SW20 8DN
Offers in excess of £7,700,000
- Property Types:
- Commercial, Mixed, Residential
- Tenure:
- Freehold
- Net Initial Yield:
- 6.00%
Income
£492,410 pa
Description
- Rare unbroken Freehold parade in an affluent London suburb
- Comprising a parade of 10 commercial units with 23 flats above and a detached building on Prince George’s Avenue with offices and flats above
- Located within the popular commuter suburb of Raynes Park
- Situated on a large corner site (0.54 acres) with development potential
- The property is currently producing a total rental income of £492,410 per annum
- Located in an area of high development with a number of new projects in construction or completed in the vicinity
- Various asset management and value added opportunities
- Potential Reversion to £526,260 per annum when 616-620 Kingstone Road relet and the vacant flat occupied
- Substantial car park to the rear providing 22 car parking spaces