£1,350,000

Block of flats for sale

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Just added

Guide price

£1,350,000

(£480.60/sq. ft)

Block of flats for sale

St. Leonard's Road, Surbiton KT6

2,809 sq. ft

Local area information

Property location

Nearby amenities

  • St Andrew's and St Mark's CofE Junior School 0.1 miles
  • Maple Infants' School 0.1 miles
  • Surbiton 0.3 miles
  • Kingston Town End Pier 0.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guides for Surbiton and Thames Ditton to find out more about the local area.

Features and description

An opportunity to acquire an income producing residential investment comprising 4 self-contained flats.

The property is situated in a highly desirable Surbiton riverside location, 0.4 miles from Surbiton Station, which offers direct access to London Waterloo in 17 minutes.

Arranged as 3 x 2 beds and 1 x 3 beds.

Measuring 2,809 sq ft NIA.

The property is fully let producing a rent of £65,832 per annum.

The property benefits from immediate reversion, with an Estimated Rental Value of £104,700 per annum.

Being sold at a significant discount to the breakup value.

Several surface car parking spaces alongside 3 x garages are positioned to the rear of the property offering development potential, subject to necessary consents.

Refurbishment of the units could increase the breakup value of the units by a further circa £250,000.

Freehold.

Guide Price - £1,350,000 + (One Million, Three Hundred and Fifty Thousand Pounds) subject to contract, which reflects a Reversionary Yield of 7.8% and a low capital value of £480 psf based off the NIA.

Floor plans and tours

Floor plans (1)

1 floor plan available

View the floor plan to understand the space and layout of this property.

More information

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  1. Zoopla
  2. Commercial for sale
  3. London
  4. Kingston upon Thames (Royal Borough)
  5. Surbiton
  6. St. Leonards Road