A UNIQUE FREEHOLD INVESTMENT OPPORTUNITY OF 19 INCOME PRODUCING CONTEMPORARY NEWLY BUILT FAMILY HOUSES. FOR SALE ON BEHALF OF JOINT FIXED CHARGE RECEIVERS. LOCATED IN SURBITON, SOUTH WEST LONDON WITHIN THE ROYAL BOROUGH OF KINGSTON UPON THAMES.
We are instructed to sell the 19 houses at Villiers Point which form part of a larger scheme that was granted planning permission in November 2016 for the ‘demolition of the existing buildings and the erection of two and three storey buildings to create 49 residential units, ground floor units for Use Classes A1/A2/A3 or A4, with associated car and cycle parking’ (PP: 15/16840/FUL).
The houses are arranged as 17 x 3 beds and 2 x 4 beds and extend to 2,401sqm (26,339 sqft) of gross internal area and are currently part let, on an unfurnished basis. The current and estimated rental income of the 18 let and 1 vacant house (show home) is £675,120, gross of any costs.
All houses are newly constructed with Checkmate new build warranties in place. They are all finished to a high standard and provide contemporary family living complete with gardens and parking.