Prime reversionary freehold flagship let to 5A2 covenant

Kingston. 38 Clarence Street
KT1 1NR

Asking (STC) Offers invited
Covenant 5A2
Term 10 years
  • Royal Borough of Kingston is a dominant regional retail centre
  • Prime pedestrianised, high footfall location in the heart of Kingston
  • Brand new 10 year letting to Deichmann
  • Deichmann are Europe’s largest footwear retailer
  • Development opportunity for additional floor with 4 residential units
  • Well configured and newly fitted retail units providing 11,633 sq ft with an EPC of A
  • Positive occupational narrative, with recent transactions showing clear Zone A growth
  • Rebased rent of £325,000 pa from £650,000 pa
  • Freehold