TO BE SOLD AT SAVILLS AUCTION 21ST OCTOBER UNLESS SOLD PRIOR
An opportunity to acquire two income producing residential properties arranged as 8 self-contained flats.
Both properties are situated within 7-minute walk from Surbiton Station, which offers direct access to London Waterloo in 17 minutes.
Arranged as 3 x 1 beds, 3 x 2 beds, and 2 x 3 beds.
Total NIA of 7,513 sq ft.
The properties are currently producing a rental income of £154,140 per annum.
ERV of £185,400 per annum. Total breakup value of £4,135,000.
Being sold at a significant discount to breakup value.
Potential for extension/subdivision STPP. Freehold.
PROPOSAL
Guide Price £2,750,000 (Two Million Seven Hundred and Fifty Thousand Pounds) subject to contract, which reflects a 33.5% discount to breakup value and a low capital value of £366 psf.
