>
Land for sale
Park Road, KINGSTON UPON THAMES
£135,000
Park Road, KINGSTON UPON THAMES
£135,000
Our Summary
- SUMMARYAUCTION SALE 17 December 2024 - Freehold dilapidated garages and access roadPart sub-station (expired/holding over with £350pa rent not collected)Approx
- Potential:1) The property may be suitable for a variety of uses or potential development – subject to consents where necessary
- 2) Potential to re-negotiate sub-station lease/rent
Description
This property is a freehold site comprising 8 dilapidated garages, an access road, and a part sub-station, situated in a residential area. The sub-station is held on a lease to South Eastern Power Networks Plc at a rent of £350 per annum, which appears to be holding over since the contractual lease term expired in 2013. The site is approximately 0.12 acres in size and has potential for redevelopment or alternative uses, subject to necessary consents. The property is being sold at auction with a guide price and a contract documentation fee of £1,500 payable to the auctioneers. The seller may also charge additional fees upon completion. Prospective buyers are advised to view the property externally and rely on their own enquiries regarding the rent and rights of way.