- Fully let "turnkey" investment opportunity +
- 5nos. luxury one-bedroom self-contained flats +
- Currently generating a Gross Income of £97,800 per annum +
- Situated within the Royal Borough of Kingston Upon Thames +
- Sold with the tenants in situ. +
- Freehold for sale +
Dexters are delighted to introduce for sale the freehold of a fully let "turnkey" investment opportunity located in Kingston upon Thames, Greater London KT1.
The building was converted in November 2024 creating 5nos. luxury one-bedroom self-contained flats, (2nos. flats on the first floor and 3nos. flats on the second floor). The flats are presented in excellent condition and are all fully let on Assured Short hold Tenancy agreements currently generating a Gross Income of £97,800 per annum, representing a Gross Yield of 5.75% pa at the Guide Price.
Situated within the Royal Borough of Kingston Upon Thames, the property is located within 800 metres of Kingston town centre featuring a plethora of shops, coffee shops, cafés, restaurants and department stores including The Bentall Centre Shopping Centre, John Lewis & Partners and Fenwick's.
Kingston railway station is within 1.37 kilometres providing direct trains to London Waterloo. The smaller town centre of Surbiton is within 1.2 kilometres providing a selection of mainstream and boutique shops. Surbiton railway station is within 1.0 kilometres providing direct trains to London Waterloo, with the fast train service arriving at London Waterloo within circa 18-minutes. The river Thames is located within 275 metres.
Tenure - Freehold HM Land Registry Title Number SGL74727
Flat 1 Lease HM Land Registry Title Number SGL856789
Flat 2 Lease HM Land Registry Title Number SGL856787
Flat 3 Lease HM Land Registry Title Number SGL855918
Flat 4 Lease HM Land Registry Title Number SGL856790
Flat 5 Lease HM Land Registry Title Number SGL856791
Each of the five flats are held on 999-year leases starting from 03.02.2025
Note: The property will be sold with the tenants in situ.