145a-Rear London Rd 8,994 SF Industrial Building Kingston Upon Thames KT2 6NH £1,750,000 (£194.57/SF) 4.73% Net Initial Yield

A single storey vehicle workshop and MOT testing centre with two storey offices which are used as a ground floor customer reception, and first floor conference/class room and bicycle workshop and store. A secure yard provides car parking spaces and a loading area. There are staff and customer washroom facilities on the ground floor, and a kitchen at first floor level.
The property is let to Halfords Autocentres Limited on a full repairing and insuring lease for a term of 15 years expiring on 18th April 2028. The rent is reviewed every 5 years, upwards only to RPI, collared and capped at 1% - 3% pa compound over 5 years. The current rent is £88,334 pax from April 2023. The property is not elected for VAT.