602-620 KINGSTON ROAD & 2A, 2B & 2C PRINCE GEORGE’S AVENUE RAYNES PARK LONDON, SW20 8DN RARE OPPORTUNITY TO ACQUIRE AN UNBROKEN FREEHOLD PARADE ON A LARGE CORNER SITE WITHIN AN AFFLUENT LONDON SUBURB FIRST TIME THE UNBROKEN PARADE HAS BEEN ON THE MARKET 602-620 KINGSTON ROAD & 2A, 2B & 2C PRINCE GEORGE’S AVENUE RAYNES PARK LONDON, SW20 8DN INVESTMENT CONSIDERATIONS • Rare unbroken Freehold parade in an affluent London suburb • Comprising a parade of 10 commercial units with 23 flats above and a detached building on Prince George’s Avenue with offices and flats above • Located within the popular commuter suburb of Raynes Park • Situated on a large corner site (0.54 acres) with development potential • The property is currently producing a total rental income of £492,410 per annum • Located in an area of high development with a number of new projects in construction or completed in the vicinity • Various asset management and value added opportunities • Potential Reversion to £526,260 per annum when 616-620 Kingstone Road relet and the vacant flat occupied • Substantial car park to the rear providing 22 car parking spaces PROPOSAL We are instructed to seek offers in excess of £7,700,000 (Seven Million, Seven Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a low capital value of £356 psf and a Net Initial Yield of 6.00% and a Reversionary Yield of 6.41% after allowing for purchaser’s costs. d Southfields R A505 ld Rd Stansted e ston fi ng A ls Ki Luton A r 2 A120 3 2 a A418 LUTONA 1 d 1 E 9 A10 a A 7 o A5 PUTNEY 2 G R W 1 a RICHMOND A602 rk Earlsfield 8 rr HEATH i a m a A44 P A 131 PARK M tt b n A130 L e a A34 l o Harpenden e d r n d t e le o o b n n R A40 m o ( )P i A1 M a le a A 414 d r W a V k n A41 A12 OXFORD to S Harlow p i St Albans d am Hatfield ne A4142 h e a e L o Chelmsford R M10 A 414 A138 od o J 21 tw A 414 n A420 r u A404 B Chesham J20 A4010 9 WIMBLEDON 2 J23 M25 602-620 KINGSTON2 ROAD & J 19 J25 B J27 PARK Wimbledon Borehamwood Park 2A, 2B & 2C PRINCE GEORGE’S AVENUE Watford A1 Enfield M 11 8 High M1 A A130 0 K 3 A355 A413 2 Billericay RAYNES PARK 1 A i Wycombe n WIMBLEDON A 9 g 2 J28 s d P 1 LONDON, SW20 8DN 8 t a COMMON a o M40 r n o D k d Harrow R A s B Brent a u 2 i A10 17 d y h A12 A127o r G c a e J29 n r r P Cross R Basildon ra s u a A404 J16 Romford r fo tt h s u rd La s Wembley h C t n r R A Benfleet o e Uxbridge a e Henley-on-Thames A40 d n A34 a L M25 Raynes Park Slough H A13 M25 h g i A404(M) g London u LONDONh o J15 l P M4 S City 5 t 3 r 2 Windsor e A2 B READING e oad Claphamt R ap Richmond G Heathrow d Dartford R h A 316 rc Haydons ( ) u A329 M Kingston h Gravesend Road Bracknall Ashford C J2 Upon Thames A20 d n W a o Ascot o iBromley J12 m A23 m Swanley R A309 b a m r A A3o l J3 A322 e d 3 CANNIZARO C n Hill n A d o R e Croydon d a x 2 R d M3 i e l 1 o PARK A 21 M2 S A RAYNES PARK 8 b t M205 i n s 3 T H e h 2 H Epsom Sittingbourne e B a o y W B Wimbledon Snodland o r d d J10 o d A 217 a o o Woking o W 1 Biggin Hill d n A339 ’ 8 A22 w s W a a 2 y R s y J9 B J5 M26 ’ o r a e li d l Fleet M25 Sevenoaks o BASINGSTOKE A331 Maidstone A3 J7 A2 C J8 J6 19 WANDLE t Morden Road S A34 Oxted h Aldershot A26 PARK ig H GUILDFORD Dorking d Redhill a Colliers o 4 R A 21 2 Wood e A l A24 p or Dundonald M23 W A303 Road 5 Horley 3 Paddock B 2 Royal igh Street 2 B Wood n H 4 A23 StaplehurstMerto 8 Gatwick Tunbridge 8 2 3 Alton Witley A B T 2 A264 Wells South r a 8 A229 C p Wimbledon 1 s A 31 Crawley Merton h D y r L Wa Park n i a u t s u ran e t n A mbridge Rd r East Grinstead M ch a h B 4 e 23 C A264 A2 a 2 u 8 C m o 8 r o 5 c W m h b R e e Horsham s L d D R ter a o d n n r Rd e Wimbledon s d e d a t Roa R ton Chase o gs R d A Kin n 8 to A 23 s 2 3 A g in 4 B K e v Haywards 8 A23 B e 3 W Morden r 2 M 2 l A e Heath Road y 8 o W B Raynes C r 3 a d h a r Park C e u n y n r o e c R o s h m o R hey Road us R B a b d d 8 d e 29 R A o a B d 2 B 7 28 9 6 South Phippes G M a Merton Bridge r r BEVERLEY a tin MORDEN HALL New nd Wa Malden PARK y PARK Dr i v CANNON HILL e LOCATION COMMON Belgrave Walk e v A t Raynes Parkn is an affluent suburb within the London Borough of Merton o m CLAPHAM JUNCTION 11 M I N S e in south-westr London located 1 mile south west of Wimbledon and a l 9.3 miles Csouth west of Central London. VAUXHALL 17 M I N S The south west London neighbourhood is a well-connected popular WATERLOO 21 MINS commuter location, providing direct trains to Clapham Junction (Overground) in 11 minutes and to London Waterloo (Overground, OXFORD CIRCUS 27 MINS Bakerloo, Jubilee, Northern and Waterloo & City Lines) in 21 minutes BLACKFRIARS 36 MINS from Raynes Park Station, which is ideally located 0.2 miles to the west SITUATION of the subject property. In addition, Wimbledon Chase station is situated 0.7 miles to the east which also operates Thameslink services to Bus services in the vicinity provide direct access to New Malden, The subject property is situated 0.2 miles east of Raynes Park Blackfriars and Farringdon in 36 minutes and 40 minutes respectively. Wimbledon and Streatham. Station, occupying a significant corner site along the southern Raynes Park Station will also benefit from the arrival of Crossrail 2, Raynes Park is well connected, located within close proximity to several side of Kingston Road, bounded by Prince George’s Avenue to a proposed rail route that will run from Surrey to Hertfordshire via major roads including the A3, which lies 1 mile to the south west and the west and Carlton Park Avenue to the east. Victoria and St Pancras, with completion due mid 2030’s. The proposals A24 which lies 2 miles to the east. The A24 travels south towards the M25 Raynes Park’s main shopping area, north of the station, is accessed include improvements to the station facilities and an increase in the Motorway whilst the A3 serves a direct route north into south London and via a walkway under the railway, directly opposite the property. number of trains serving the station per hour. south west towards Portsmouth. The surrounding area is predominantly residential in nature with a The nearest London Underground station is South Wimbledon London Heathrow and Gatwick are easily accessible via road or public number of commercial premises along Kingston Road, providing (Northern Line) which is 1.6 miles to the east. transport, with fastest journey times of 36 minutes and 40 minutes respectively. retail and office facilities. 602-620 KINGSTON ROAD & 2A, 2B & 2C PRINCE GEORGE’S AVENUE RAYNES PARK LONDON, SW20 8DN CARLTON PARK AVE KINGSTON ROAD APPROACH ROAD APPROACH ROAD PRINCE GEORGE’S AVENUE ASTON ROAD Outline for indicative purposes only. 602 - 620 Kingston Road & 2a, 2b & 2c Prince George’s Avenue © Crown Copyright, ES 100004106. For identification purposes only. DESCRIPTION The property comprises a terrace of 602-620 Kingston Road 2a, 2b & 2c Prince George’s Avenue ten mixed use buildings fronting onto The ground floor comprises 10 The property comprises a detached Kingston Road together with a purpose- commercial units (currently arranged building currently arranged as open plan built detached building to the rear as 7 single units and a triple unit) and offices on the ground floor converted fronting Prince George’s Avenue. a small office building behind 620 to a community police station with two 602-620 Kingston Road is arranged Kingston Road providing a total gross self-contained flats above. internal area of 7,362 sq ft (684 sq m).