Freehold residential block for sale in Kingston Upon Thames

This property is marketed by:
Whozoo

Features:

• Rare Freehold Investment & Development Opportunity. 
• Prime, upmarket location in Surbiton, Kingston Upon Thames. 
• Situated within the Surbiton Hill Park Conservation Area with communal gardens pedestrian and shared staircase.
• Unbroken residential freehold block. Comprises six fully let one-bedroom flats.
• Fully let subject to Assured Shorthold Tenancies. 
• Current passing rent: £7,790 pcm / £92,940 pa. One flat is underlet. ERV: £8,380 pcm / £100,500.
• Total Gross Internal Area of 278 sqm / 2,922 sqft. Site size 0.18 acres. 
• Value-add opportunity to refurbish the existing flats, extend or develop a 2-3 bedroom house to the left of the main building, subject to the necessary consents.
• This well-maintained property offers a strong rental investment and is presented in good condition. 
• Only a 10-minute walk from Surbiton Town Centre and Surbiton Train Station, offering direct fast links to London Waterloo.

Location:

The area boasts a welcoming, upmarket feel with scenic parks and the nearby River Thames, attracting young professionals and affluent families. Surbiton Town Centre, just a short walk away, offers a variety of shops, cafés, and restaurants. Surbiton Train Station is a 10-minute walk, providing fast links to London Waterloo in under 20 minutes. Excellent transport connections include multiple bus routes to Kingston and Wimbledon, while the A3 offers easy access to central London and the M25.

Current Planning (Not included in sale):

Planning permission granted (ref 24/01703/FUL) for the demolition of an existing garage and staircase, internal alterations to Flat 2 and communal areas, and the construction of a three-storey side extension to create a semi-detached two-bedroom, three-person split-level residential unit (768 sqft/71.3 sqm) (see elevation drawings and floor plans).

Development Potential:

Opportunity to refurbish the existing flats, extend or develop a 2-3 bedroom house to the left of the main building, subject to the necessary consents.