Summary - 35-37, FIFE ROAD KT1 1SF
5 bed 1 bath Mixed Use
Income producing retail and flats close to station and shopping centre.
Freehold mixed use investment producing immediate income
A compact freehold mixed use investment in central Kingston offered with immediate income and a 15 year commercial lease. The ground floor is let to a long-established café producing the largest single rent line while upper parts provide a two bedroom flat and a three-room HMO on individual ASTs, delivering a diversified income stream. The property sits on a busy thoroughfare within walking distance of Kingston station and the Bentall Centre, supporting strong footfall and short-stop trade.
The building is a Victorian mid-terrace of solid brick construction dating from the 1930s to 1940s with double glazing and gas heating. There is a small rear yard with vehicular access and four car parking spaces, although two are demised to the commercial tenant. EPCs range from Band C to E and the property is offered freehold at a quoted gross yield of about 7.1 percent.
Notable negatives are factual and relevant to investment underwriting. The neighbourhood records very high crime which may affect tenant turnover and insurance costs. Broadband speeds are very slow which may limit appeal to certain tenants. The building fabric shows solid brick walls with no assumed cavity insulation which could mean higher energy costs and potential retrofit expense. Council tax and business rates profiles are provided and should be checked by buyers for cashflow modelling.
Overall this is an income-producing city centre asset aimed at investors seeking immediate cashflow and short to medium term asset management opportunities. There may be scope for value enhancement through active management, tenancy restructuring or targeted improvements, subject to local planning and tenant agreements.
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