A Freehold Ground Rent Investment Producing a Combined Income of £6,300 Per Annum and a Freehold Roof Space Development Opportunity Offered with Lapsed Planning for the Erection of a Two Bedroom Duplex Apartment (Subject to Obtaining all Relevant Consents)
A mixed-use development of 24 self-contained residential units on the first, second and third floors over a ground floor commercial unit (All units have been sold-off on long leases)
Location
The lot is situated on a mixed use road close to local shops and amenities. The open spaces of St Andrews's Square Park are within easy reach. Transport links are provided by Surbiton rail station.
Planning
Kingston Borough Council granted the following planning permission (lapsed) (ref: 20/02379/FUL) on 24th September 2020: 'Erection of two storey rear extension to create a duplex apartment at third and fourth floor levels'
5-9 St Marys Road, KT6 4JG Freehold / airspace - Lapsed Planning for the Erection of a Two Bed Duplex Apartment One parking space in the courtyard included with the Freehold 32-33 Victoria Road, KT6 4JT Freehold / Ground rents: A combined income of £6,300 per annum Please refer to the schedule within the legal pack for more details
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.