Guide price
£2,750,000
(£472.83/sq. ft)
Land for saleFassett Road, Kingston Upon Thames KT1
5,816 sq. ft
About this property
Turnkey Investment Opportunity
Student Accommodation
Gross Income of £229,500 Per Annum
Gross Yield 8.35% Per Annum
Unbroken Freehold Sale
Kingston Upon Thames, Greater London
This detached period building has been converted into student accommodation featuring 7nos. Flats which contain 27nos. Rooms, of which 8nos. Rooms include en-suite bathrooms and 2nos. Studios.
Currently generating a Gross Income of £229,500 per annum, representing a Gross Yield of 8.35% per annum at the Guide Price.
The net internal area is estimated at 5,816 square feet which represents a discounted capital value of £490 per square foot.
The property further benefits from private off-street parking for circa 7nos. Cars.
The building is currently generating of £229,500 per annum. The rents paid by tenants includes utilities.
There is potential to improve this income through either refurbishment or repositioning the asset to a different model such as serviced accommodation.
Located with the Royal Borough of Kingston Upon Thames, Fassett Road is a quiet residential street positioned between Kingston Upon Thames and Surbiton. The area is popular with students and young professionals given its proximity to Kingston University, St Mary's University, Kingston Hospital and Kingston town centre.
Currently generating a Gross Income of £229,500 per annum, representing a Gross Yield of 8.35% per annum at the Guide Price.
The net internal area is estimated at 5,816 square feet which represents a discounted capital value of £490 per square foot.
The property further benefits from private off-street parking for circa 7nos. Cars.
The building is currently generating of £229,500 per annum. The rents paid by tenants includes utilities.
There is potential to improve this income through either refurbishment or repositioning the asset to a different model such as serviced accommodation.
Located with the Royal Borough of Kingston Upon Thames, Fassett Road is a quiet residential street positioned between Kingston Upon Thames and Surbiton. The area is popular with students and young professionals given its proximity to Kingston University, St Mary's University, Kingston Hospital and Kingston town centre.
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