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Investment opportunity for sale in Richmond

Kew Road, Richmond, London, TW9 2AA
For sale
£5,500,000 Offers In Excess Of

COMMON USE CLASS: C3 Dwelling Houses

featherstone-leigh
This property is marketed by:
Featherstone Leigh

Description

17 Bedroom House For Sale

Constructed around the 1890's with a three story side extension which was added in 1992, the building has been converted to provide fourteen self-contained flats within a circa 6515 ft 2 GI building, each having its own parking space.

The flats are all currently tenanted on assured shorthold tenancies for one year with a two month break clause after six months. The rent is paid monthly in advance and the deposits have been placed in an approved deposit holding scheme. The property is currently yielding ?186,180 per annum.

The individual flats mainly use an economy seven electric heating system, apart from three which have new gas central heating. The majority of the flats would benefit from refurbishment in order to maximise rental yield.

Properties of this size and nature are rare in the Kew market place and especially with parking and such close proximity to Kew Village.

There is potential for residential or alternative uses for development subject to all necessary consents.

EPC = provided on request.

Tenure: Please confirm with Featherstone Leigh whether this property is freehold or leasehold

 

 


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