Block of flats for sale in The Market, Sutton SM5

Investment Consideration:
Gross Initial Yield: 5.48%
Rental Income: £125,946.48 p.a.
VAT is not applicable to this property
Comprises ground floor shop (sold off), 9 x Studio Flats, 2 x 2-Bed Flats and 1 x Letting Room, arranged over first, second and third floor.
Recently refurbished to a high-quality standard
Property includes 2 x full sized kitchens on second and third floor
Located within 4 minute drive from Morden Station which provides direct services to Central London and a 10 minute walk from Sutton High Street, providing quick access to a range of local shops and amenities.
Nearby occupiers include Lidl, Papa Johns, William Hill and B&B, amongst other retailers

Property Description:
The property comprises ground floor shop (sold off), 9 x Studio flats, 2 x 2-Bed flats and 1 x Letting Room arranged over first, second and third floor. Property includes 2 x full sized kitchens on second and third floor, providing the following accommodation and dimensions:
Ground Floor: 59 sq m (635 sq ft)
Retail Shop - Sold Off
Flat No. 29c - 59 sq m (635 sq ft)
First Floor: 64 sq m (688 sq ft)
Studio 1 - 17 sq m (183 sq ft)
Studio 2 - 15 sq m (161 sq ft)
Studio 3 - 17 sq m (183 sq ft)
Studio 10 - 15 sq m (161 sq ft)
Second Floor: 49 sq m (527 sq ft)
Studio 4 - 15 sq m (161 sq ft)
Studio 5 - 18 sq m (194 sq ft)
Studio 6 - 16 sq m (172 sq ft)
Third Floor: 91 sq m (979 sq ft)
Studio 7 - 15 sq m (161 sq ft)
Studio 8 - 16 sq m (172 sq ft)
Studio 9 - 19 sq m (205 sq ft)
Flat 29b - 41 sq m (441 sq ft)
Total area size: 263 sq m (2,829 sq ft)

Location:
Sutton is the principal town of the eponymous London Borough of Sutton in South London, England. It lies on the lower slopes of the North Downs, and is the administrative headquarters of the Outer London borough. It is 10 miles (16 km) south-south west of Charing Cross, and is one of the thirteen metropolitan centres in the London Plan. Sutton station is the town's major station, from where frequent direct trains run to several main central London stations − London Victoria, London Bridge, Blackfriars, City Thameslink and, for Eurostar services, St Pancras International. The station is served by both Thameslink and Southern. The fastest of the Victoria-bound trains from Sutton station take 25 minutes. The property is located within 4 minute drive from Morden Station which provides direct services to Central London and a 10 minute walk from Sutton High Street, providing quick access to a range of local shops and amenities. Nearby occupiers include Lidl, Papa Johns, William Hill and B&B, amongst other retailers