Tolworth
Surbiton, KT6
Mixed Use Development
For Sale  | 

Location

The property is prominently situated on Ewell Road within close proximity to the A3 Kingston By-pass which links to central London and the main motorway network including Heathrow and Gatwick airports. Surbiton Town Centre and the main line railway station are approximately 10 minutes walk which provides a direct rail service into London Waterloo.

Description

This former bank has undergone extensive part redevelopment and part refurbishment to provide an attractive mixed used freehold investment comprising two self-contained ground floor commercial units, 6 x 1 bedroom flats and 1 x 2 bedroom flat. The property benefits from a 10 year building warranty following the recently completed development.

Commercial Units

The commercial offering comprises two ground floor self-contained units which have undergone extensive refurbishment to a shell finish with capped off services. The ingoing tenant or purchaser benefits from the ability to finish the units to their own specification.

Price: Offers to purchase the commercial units in isolation from the freehold interest will be considered in the region of £325,000 per unit.

VAT: The property has not been elected for VAT.

Rates: Business rates are yet to be assessed.

Legal Costs: Each party to cover their own legal costs.

Residential Units

The residential element of the property comprises 6 x 1 bedroom and 1 x 2 bedroom penthouse flats.

Two of the flats are situated to the rear of Ewell Road whilst the others are located above the commercial element of the property. The flats benefit from their own access from Ewell Road, an external refuse store and secure bicycle parking facility.

The flats have recently been developed and are finished to a high specification.

Summary

Mixed use investment opportunity comprising 7 x residential units and 2 x commercial units, all recently constructed or refurbished
ERV of £141,500 p.a.
VAT not applicable
10 year building warranty
Price on Application

SUBJECT TO CONTRACT
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Contact

Seb Norman
sebnorman@artsurveyors.co.uk
020 7034 3395

Francesca Bonnett
francescabonnett@artsurveyors.co.uk
020 7034 3383

Charlie Clibbens
charlieclibbens@artsurveyors.co.uk
020 7034 3381

Oliver Hayes
oliverhayes@artsurveyors.co.uk
020 7034 3390