£1,000,000
(£379.22/sq. ft)
Property for sale141 London Road, Norbiton, Kingston Upon Thames, London KT2
2,637 sq. ft
Freehold
About this property
Freehold mixed-use building with retail and residential components
Prime central Kingston location, 5 minutes from the shopping centre
Partly let, generating £65,400 p.a., with erv of £110,000 p.a.
Planning application submitted to convert upper parts into 5 flats (Ref: 24/00605/ful)
Excellent value-add and development potential with gdv estimated at £1.5M
Freehold mixed-use property in the heart of Kingston- upon-Thames, 5 minutes walk from the shopping centre.
The property comprises a ground floor retail unit with a 3 x flats above. The property is partly tenanted with an income of £65,400 per annum. The ground floor retail unit is currently vacant and the flats require modernisation.
The property presents itself as a great value add opportunity with an estimated rental value of £112,000 per annum and gdv of £1,500,000
There is an application that has recently been refused for the conversion of the existing flats to create 5 x flats and retain the commercial (Planning Reference: 24/00605/ful).
The property has clear development potential for an additional storey and extension to the rear.
Offers in excess of £1,000,000 will be considered.
The property comprises a ground floor retail unit with a 3 x flats above. The property is partly tenanted with an income of £65,400 per annum. The ground floor retail unit is currently vacant and the flats require modernisation.
The property presents itself as a great value add opportunity with an estimated rental value of £112,000 per annum and gdv of £1,500,000
There is an application that has recently been refused for the conversion of the existing flats to create 5 x flats and retain the commercial (Planning Reference: 24/00605/ful).
The property has clear development potential for an additional storey and extension to the rear.
Offers in excess of £1,000,000 will be considered.
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