Somerset Close, New Malden, Kingston upon Thames, KT3 5RG

Guide Price
£450,000
Added on 22/10/2020
Pattinson Estate Agents, Commercial

Key features

  • Substantial 4 bedroom HMO property
  • Current annual income of 22,584
  • Can achieve 30,000pa when fully let
  • Several parking spaces
  • Garden area to the rear
  • Freehold title

Property description

Tenure: Freehold

FOR SALE BY ONLINE AUCTION: terms and conditions apply.

We are pleased to offer to auction this substantial three storey property, well located along Somerset Close, New Malden, Kingston upon Thames. The property is a 4 bedroom property which has been renovated within the last few years. We are advised that currently, the property is achieving £22,584 per annum, which when fully let increases to approximately £30,000 per annum, making an excellent investment for buyers in this very sought after location.

Please note we have not inspected this property.

Location

The subject property is located along Somerset Close, New Malden, Kingston upon Thames. Located in a pleasant position, the location is a highly sought after area close to great road and public transport links.

Lease Details

Three out of four rooms are currently let as below:
Room 1: let on a 12 month rolling AST agreement which commenced 3rd December 2019 at a rent of 720pcm.
Room 2: let on a 12 month rolling AST agreement which commenced 4th January 2020 at a rent of 620pcm.
Room 3: vacant.
Room 4: let on a 12 month rolling AST agreement which commenced 13th December 2018 at a rent of 542pcm.

Currently, the property is achieving 22,584 per annum, which when fully let increases to approximately 30,000 per annum. Copies of tenancy agreements will be provided within the legal pack.

Tenure

Freehold. Title number SGL263054.

EPC

Available upon request (rating D).

Additional Information

For further information please contact our office direct on 0191-737-1154, or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Brochures

Brochure

Somerset Close, New Malden, Kingston upon Thames, KT3 5RG

NEAREST STATIONSDistances are straight line measurements from the centre of the postcode

  • Malden Manor Station0.6 miles
  • New Malden Station0.7 miles
  • Motspur Park Station0.7 miles
Mortgages
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About the agent

Pattinson Estate Agents, Commercial

Kingfisher Way, Silverlink Business Park, Wallsend, NE28 9NY

Pattinson Estate Agents, Commercial

Our agency team actively deal with all aspects of commercial property in both the private and public sectors and provide specialist advice in terms of all commercial property types including development and investment properties. Our principal activities include dealing with the acquisition or disposal of land and property, as well as providing appraisals. We also act as an agent during a sale or acquisition and can carry out contract negotiations between landlords and tenants.

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Industry affiliations

Royal Institute of Chartered Surveyors

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Disclaimer - Property reference 369820. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinson Estate Agents, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Commercial on 0191 687 0258.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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