St. Mark's Hill, Surbiton, Surrey, KT6

A residential development opportunity located within the Royal Borough of Kingston-Upon-Thames for the construction of two additional storeys to the existing building creating 12nos. new private self-contained flats as well as the erection of a new five-storey building providing 11nos. new private self-contained flats, totaling 23nos. new apartments.

In addition, the sale includes 8nos. existing self-contained private flats with the potential to add value by refurbishing the flats internally and providing improved communal areas and courtyard space.

Asset Management
The 8 existing flats are part let with three units currently vacant. The five flats which are let are subject to Assured Shorthold Tenancies and are achieving a passing rent of £73,080 per annum. These flats provide an opportunity to add value by:

Refurbish: Upgrade the interiors to a higher standard, enhancing the overall appeal and rental/ sale value.
Reconfiguration: Redesign the layout of the units to make better, more efficient use of the available space.
Communal Enhancement: Transform the external courtyard into a more attractive and functional communal area, improving the residents' experience and the property's marketability.

Located within the Royal Borough of Kingston-Upon-Thames, the development is situated within 500 metres 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, 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 metres, served by South Western Railway providing direct trains to London Waterloo within 20 minutes and to Guildford within 40 minutes.
Surbiton Hill Road provides direct access to the centre of Kingston-Upon-Thames to the north and the A3 which connects the South of London. The M25 is easily accessible via the A24 and the A243.
Surbiton Hill provides excellent bus connectivity into Kingston-Upon-Thames and to Epsom.

Tenure 
The sale includes the following HM Land Registry titles: -
SY166426 - Austin House, St Marks Hill, Surbiton KT6 4LU
SGL817916 - Parking Space Wagner Mews, Avenue Elmers, Surbiton
SGL840384 - Land Adjoining Wagner Mews, Avenue Elmers, Surbiton