Development Properties: 81 Clifton Road, Kingston Upon Thames KT2 6PL

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81 Clifton Road, Kingston Upon Thames KT2 6PL

OIEO £795,000 on an unconditional basis - Freehold

• Residential Development Opportunity.

• Located 0.7 miles from Kingston Town Centre and Railway Station offering direct services into London Waterloo within 30 minutes.

• An existing end of terrace building comprising an office on the ground floor and part basement, a duplex apartment arranged over first and second floors and a storage unit to the rear of the ground floor.

• The existing accommodation comprises 2471 sq ft / 229.6sq m.

• Freehold.

• The property offers significant redevelopment potential, a pre-application has been submitted for the conversion and extension of the existing building to provide 4 flats, 1 x studio, 1 x 1 bed, 1 x 2 bed, 1 x 3 bedroom, which would provide a total NIA of 241.39 sq m/ 2598 sq ft.

• All the apartments would benefit from outside space.

• Residential values in Kingston are in the region of £750-£800 per sq ft.

• We are seeking offers in excess of £795,000 (Seven hundred and ninety five thousand pounds) on an unconditional basis.

• This reflects a low capital value of £321 per sq ft on the existing accommodation and £306 per sq ft based on the NIA of the proposed scheme.