66 High Street, New Malden
66 High St, New Malden, Greater London, KT3 4ET, UK
367 m²
Asset Description
A prime re-based south-east supermarket with development potential
...
Attributes
Asking price
SEK 20,426,000
Building area gross
1,035 m²
Occupancy
100%
Year built
1900
Number of units
1
Cap rate
7.81%
NOI
SEK 1,703,000
Media
Investment Highlights
¦ Affluent and historic Hampshire commuter town located within an area of outstanding natural beauty.
¦ 33.1% of the population are classified as “symbols of success” by Experian as compared to the GB average of 9.7%.
¦ Let to the undoubted covenant of Marks & Spencer P.L.C.
¦ Marks and Spencer have recently renewed their lease for a term of 3 years.
¦ 11,139 sq ft (GIA) foodstore located in a prominent high street position. The property includes a demised car park directly to the rear offering future development opportunities.
¦ Potential to add further massing on the site, subject to planning.
¦ Low passing rent of £125,000 per annum (c.£11.22 per sq ft), reduced from the previous rent of £163,000 per annum.
¦ Freehold tenure.
Contact brokers
Petersfield M&S (0 Properties)
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Last updated
16 May 2024
