Guide price
£1,350,000
(£480.60/sq. ft)
Block of flats for saleSt. Leonard's Road, Surbiton KT6
2,809 sq. ft
EPC Rating: C
About this property
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.
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.
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