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Highcroft sells Listed Kingston-on-Thames shop property for £1.125m

Highcroft Investment has announced that Rodenhurst Estates Limited (a property owning subsidiary of Highcroft Investments PLC) has agreed the sale of a freehold building in Market Place, Kingston upon Thames to a private investor for £1.125m (a 61% premium over its 31 December 2014 valuation of £700k). The property comprises a listed shop property fronting onto Market Place providing approximately 1,566 sq ft on basement, ground, first and second floors and it is expected that contracts will be completed within one month.

Highcroft says that bit intends to use the net proceeds of £1,110,000 to continue its strategy of investing in larger properties in the market that sits between private investors and larger corporate property investors. The company says that the sale was brought about due to the early termination of the lease agreement .and that their marketing resulted in stronger interest for a freehold sale than for a new letting.

Highcroft sells Listed Kingston-on-Thames shop property for £1.125m : HCFT

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