Investment

22 – 22a Hight Street, Weybridge, Greater London, KT13 8AB

PRIME GREATER LONDON INVESTMENT

  • Weybridge is an affluent and highly desirable commuter town, located 17 miles south-west of central London
  • A prime Greater London retail and residential investment, consisting of two shops and two 2-bedroom maisonettes let on ASTs
  • Let to Waterstones, on assignment from Bank ofScotland Plc and Kokoro UK Limited
  • WAULT of 5.23 years to expiry and 3.73 years to break on the commercial income
  • Strong residential market with values significantly above the national average and rental growth in the last 18 months
  • Total rental income: £131,200 per annum

 

Proposal

We are instructed to seek offers in excess of £1,600,000 (One Million Six Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 8.42% on the commercial income and £352 psf capital value on the residential flats after allowing for standard purchaser’s costs.

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