Upper Brighton Road, Surbiton, Surrey, KT6

Description:

The existing property comprises a detached 2-storey residential block consisting of 3 x residential flats (2 x 1 bed & 1 x 2 bed) extending to approximately 1,625ft². The flats benefit from off street parking with a driveway located to the front of the building and accessed directly
from Upper Brighton Road.

Adjoining the residential block is a car garage comprising a single-storey workshop unit, small rear office and front yard, the garage is situated on a site of approximately 0.094 acres (4,094ft²).

The total site area extends to 0.14 acres.

Location:

The property occupies a prominent position along Upper Brighton Road, within Surbiton.

The property is located within walking distance of Surbiton High Street offering numerous amenities, restaurants and shops.

Surbiton train station is located 0.3 miles from the property providing frequent services into London Waterloo in 28 minutes.

Planning & Development Potential:

The property, which is located within the London Borough of Kingston, benefits from Residential Use (C3) and Sui Generis Use.

The Car Garage site offers potential for comprehensive redevelopment by way of either a fully residential or mixed-use scheme, subject to obtaining the necessary consents.

Tenancy:

The flats are let on 1 year AST agreements as per the above schedule. The garage was previously rented for £36,000pa however, in order to facilitate future redevelopment, this was reduced to £21,000pa on a new 12 month lease from last year subject to a mutual break clause by giving 30 days written notice by either party. The property offers potential for future rental growth by renegotiating the garage lease and increasing the annual rent.

Tenure:

The property is being sold freehold with existing tenancies remaining in situ.