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A residential investment opportunity for a newly developed HMO comprising 16 studios.
The site is located on Brighton Road and is approximately 10 minutes’ walk to Purley Overground Railway Station which provides regular services into London Bridge in approximately 20 minutes & Gatwick within 15 minutes.
The property is arranged over 3 floors, comprising 7 units on the ground floor, 5 on the first floor & 4 on the second floor. 14 of the rooms contain a private en-suite (shower, basin, toilet), while 2 of the rooms have a shared bathroom between them.
The property provides 4 off street parking spaces located at the front.
The vendor has received a formal offer from a management company to take the whole building at an annual rent of £134,400 per annum, reflecting a net yield of 6.3%.
The site not elected for VAT.
The site is available freehold with vacant possession.
RESIDENTIAL INVESTMENT OPPORTUNITY FOR A 16 X ROOM HMO
An unconditional potential residential development opportunity.
The existing site extends to approximately 0.50 acres and comprises 9 B1 and B8 steel portal frame units with a combined floor area extending to 14,585sqft GIA. All of the units are currently let and are achieving a combined passing rent of £101,650pa.
Each unit subject to a commercial lease
The site is a short walk from Colliers Wood London underground station (Northern Line) which provides services into Tottenham Court Road within approximately 27 minutes and Bank within 25 minutes
The development is located immediately adjacent to the High Path Regeneration Scheme which will bring 1,700 new homes, a new school, green spaces and amenities to the local area. This major regeneration will transform the local area providing improved amenities and new school. The local area has seen considerable development in recent years and Colliers Wood/ South Wimbledon, long seen as up and coming are now desirable locations with a variety of amenities and leisure facilities, whilst providing value for money to end buyers.
UNCONDITIONAL RESIDENTIAL DEVELOPMENT OPPORTUNITY
Type: Residential, Leisure, Flat, House, Residential Land, Distribution Warehouse, General Industrial, Light Industrial, Warehouse, Land, Industrial, Commercial Land
Abbey Wall Works Station Road, Colliers Wood, London, SW19 Station Road, London, SW19 2LPGBLondonGreater LondonSW19 2LPAbbey Wall Works Station Road, Colliers Wood, London, SW19, Station Road
Hunters are delighted to present this excellent investment opportunity to purchase this one-off portfolio sale comprising of a mix of 1, 2 and 3-bedroom apartments. Located just off fashionable Northfield Avenue, just 10 minutes’ walk from West Ealing Elizabeth line station and Northfields Piccadilly line tube station in the opposite direction. The gross internal area of the 11 units equals to approximately 6500Sqft (not including communal areas) and is sold with current AST’s in place. The plot benefits from further potential development STP. Call Hunters today for further details on 020 85791611 or pop into the office and ask for Hans or Mark.