
66 High Street, New Malden
66 High St, New Malden, Greater London, KT3 4ET, UK
3,955 sf
The property comprises an existing single storey Starbucks coffee shop that has recently been converted into a drive-thru store and undergone extensive refurbishment works and new fit out internally.
The building totals circa 2,799 sq ft and can comfortably seat 120 customers including external areas.
We are instructed to seek offers in excess of £1,286,000 (One Million, Two Hundred and Eight Six Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 5.50%, and a potential Reversionary Yield of 6.38% (3% per annum compounded) assuming standard purchaser's costs of 5.98%.