Car Park to the Rear of 93-105 Clarence Street, Kingston, London, KT1 1QY

The property comprises a substantial town centre car park positioned to the rear of 93-105 Clarence Street, Kingston upon Thames, and represents a highly attractive development opportunity with immediate income potential.

The site is presently arranged as a surfaced car park comprising a total of 36 car parking spaces. 16 bays have been sold off (See highlighted yellow area. There is also 1 designated loading bay that is required by the 4 commercial tenants. All sold off car parking spaces have a lift and shift provision to allow for future redevelopment.

In its current configuration, the site provides operational parking and servicing; however, it also presents clear redevelopment potential. The land is considered suitable for a residential-led scheme, with scope for either a mews-style housing development or a flatted scheme, subject to planning consent.

Alternatively, the site could be operated as a managed car park or EV hub, with a redesign of the car park providing 30 spaces that could be let with income potential of up to approximately £100,000 per annum.