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23 bedroom block of apartments for sale
St. Mark's Hill, Surbiton, Surrey, KT6
£4,000,000
St. Mark's Hill, Surbiton, Surrey, KT6
£4,000,000
Our Summary
- A residential development opportunity located within the Royal Borough of Kingston-Upon-Thames for the construction of two additional storeys to the existing building creating 12nos
- existing self-contained private flats with the potential to add value by refurbishing the flats internally and providing improved communal areas and courtyard space
- These flats provide an opportunity to add value by: Refurbish: Upgrade the interiors to a higher standard, enhancing the overall appeal and rental/ sale value
- Consented Investment and Development Opportunity
- Planning permission has been granted for two additional storeys comprising 12 flats (7,282 sq ft NSA) and a new five storey scheme providing 11 flats (7,642 sq ft NSA)
Description
This property development opportunity in Surbiton, Kingston-Upon-Thames, offers the potential to create 23 new private self-contained flats by adding two storeys to an existing building and constructing a new five-storey building. The existing 8 self-contained flats are part let, providing a steady income, and offer scope for refurbishment, reconfiguration, and communal area enhancements to increase their value. The development is located within walking distance of Surbiton town center, with its shops, restaurants, and transportation links, including Surbiton railway station with direct trains to London Waterloo and Guildford. The property also benefits from excellent bus connectivity and proximity to the A3 and M25 motorways. The sale includes three HM Land Registry titles, offering a unique opportunity for developers and investors to capitalize on the area's growing popularity.