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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