• 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.
