15 bedroom semi-detached house for sale

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15 bedroom semi-detached house for sale

Claremont Road, Surbiton, Surrey, KT6
£2,750,000

Our Summary

  • 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
  • Potential for extension/subdivision STPP

Description

This is an opportunity to acquire two income-producing residential properties, comprising 8 self-contained flats, located within a 7-minute walk from Surbiton Station, which offers direct access to London Waterloo in 17 minutes. The properties, with a total NIA of 7,513 sq ft, currently produce a rental income of £154,140 per annum and have an estimated rental value of £185,400 per annum. The total breakup value is £4,135,000, and the properties are being sold at a significant discount, with a guide price of £2,750,000, reflecting a 33.5% discount to breakup value and a low capital value of £366 per sq ft. The properties also have potential for extension or subdivision, subject to planning permission.