Hollington House, 1 Parklands... Residential development for sale

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Hollington House, 1 Parklands... Residential development for sale

Hollington House, 1 Parklands, Kingston upon Thames, London, KT5
£1,900,000

Our Summary

  • Rare Freehold Investment & Development Opportunity
  • Planning permission approved to demolish the existing garage to create a semi-detached two-bedroom, three-person split-level house (Ref: 24/01703/FUL)
  • Planning Reference - 24/01703/FUL
  • Property Type - FREEHOLD RESIDENTIAL INVESTMENT WITH POTENTIAL

Description

This rare freehold investment and development opportunity is situated in a prime, upmarket location in Surbiton, Kingston Upon Thames. The property is an unbroken residential block comprising six fully let one-bedroom flats, with a separate garage, generating a current rent of £7,790 per month, or £92,940 per year. The property has a total gross internal area of 278 square meters, excluding communal areas and garage, and is situated on a 0.18-acre site. Planning permission has been approved to demolish the existing garage and build a semi-detached two-bedroom, three-person split-level house. The property is just a 10-minute walk from Surbiton Town Centre and Train Station, offering direct links to London Waterloo. The property is being offered at a guide price of £1,900,000, presenting a strong rental investment opportunity and potential for development.
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