9 bedroom detached house for sale

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9 bedroom detached house for sale

St. Leonard's Road, Surbiton, Surrey, KT6
£1,350,000

Our Summary

  • Several surface car parking spaces alongside 3 x garages are positioned to the rear of the property offering development potential, subject to necessary consents

Description

This is an opportunity to acquire a fully let residential investment property in a desirable Surbiton riverside location, just 0.4 miles from Surbiton Station with direct access to London Waterloo. The property comprises four self-contained flats, arranged as three 2-bedroom and one 3-bedroom units, totaling 2,809 square feet of net internal area. The property is currently producing an annual rent of £65,832 and has an estimated rental value of £104,700, offering a significant reversionary yield. The property benefits from immediate reversion and is being sold at a discount to the breakup value, with potential for refurbishment to increase the value by a further £250,000. The property also comes with several surface car parking spaces and three garages, offering development potential subject to necessary consents. The freehold property is being sold with a guide price of £1,350,000, reflecting a reversionary yield of 7.8% and a low capital value of £480 per square foot.