Guide price
£925,000
(£493.33/sq. ft)
Land for saleBrighton Road, Surbiton KT6
1,875 sq. ft
About this property
Freehold sale
Mixed-use investment opportunity
Partially let “turnkey” property
Combined Passing Rent £63,800 per annum
3x. One-bedroom self-contained flats
Close proximity to Kingston-upon-Thames
Dexters are delighted to introduce for sale the freehold of a partially let "turnkey" mixed-use investment opportunity located in Surbiton, Greater London KT6, featuring a commercial/retail unit and 3x one-bedroom self-contained flats.
Combined Area Approx. 174.1 sqm (1,875 sq. Ft).
The ground floor commercial/retail unit is let to Zen Shiatsu Therapy Massage, whilst the 3x one-bed flats are currently let on Assured Shorthold Tenancy Agreements.
Combined Passing Rent £63,800 per annum, which represents a Gross Yield of 6.89% at the Guide Price.
In our view the commercial unit and flats A and B could secure higher rental values creating an Estimated Rental Value (erv) of £70,200 per annum, which represents a Gross Yield of 7.59% at the Guide Price.
Located within the Royal Borough of Kingston, the development is situated within 350 meters of Surbiton town centre with its plethora of shops, restaurants, public houses, bars and coffee shops including Waitrose and Sainsbury's supermarkets, M&S Simply Food, Zizzi Restaurant, Pizza Express and Café Nero. Surbiton is located on the banks of the River Thames and is within 1.5 kilometres of the historic town, Kingston-upon-Thames. Surbiton railway station is located within 600 meters, served by Southwestern Railway and providing direct trains to London Waterloo within 20 minutes and to Guildford within 40 minutes.
Tenure
Freehold - hm Land Registry Title Number SY164950
Flat A - hm Land Registry Title Number SGL519235
Lease 99 years from 25.03.1988
Flat B - hm Land Registry Title Number SGL513651
Lease 99 years from 25.03.1988
Flat C - hm Land Registry Title Number SGL714723
Lease 125 years from 25.03. 2009
Combined Area Approx. 174.1 sqm (1,875 sq. Ft).
The ground floor commercial/retail unit is let to Zen Shiatsu Therapy Massage, whilst the 3x one-bed flats are currently let on Assured Shorthold Tenancy Agreements.
Combined Passing Rent £63,800 per annum, which represents a Gross Yield of 6.89% at the Guide Price.
In our view the commercial unit and flats A and B could secure higher rental values creating an Estimated Rental Value (erv) of £70,200 per annum, which represents a Gross Yield of 7.59% at the Guide Price.
Located within the Royal Borough of Kingston, the development is situated within 350 meters of Surbiton town centre with its plethora of shops, restaurants, public houses, bars and coffee shops including Waitrose and Sainsbury's supermarkets, M&S Simply Food, Zizzi Restaurant, Pizza Express and Café Nero. Surbiton is located on the banks of the River Thames and is within 1.5 kilometres of the historic town, Kingston-upon-Thames. Surbiton railway station is located within 600 meters, served by Southwestern Railway and providing direct trains to London Waterloo within 20 minutes and to Guildford within 40 minutes.
Tenure
Freehold - hm Land Registry Title Number SY164950
Flat A - hm Land Registry Title Number SGL519235
Lease 99 years from 25.03.1988
Flat B - hm Land Registry Title Number SGL513651
Lease 99 years from 25.03.1988
Flat C - hm Land Registry Title Number SGL714723
Lease 125 years from 25.03. 2009
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Monthly repayment
£4,627 per month
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