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A POTENTIAL RESIDENTIAL DEVELOPMENT OPPORTUNITY WITH DIRECT RIVER FRONTAGE, BEING SOLD SUBJECT TO PLANNING

For sale: POA|Residential, Flat, House, Land, Leisure Property, Mixed Use, Commercial Land, Licensed & Leisure, Other Property Types & Opportunities

Property details

FOR SALEPOA
ADDRESS34 PORTSMOUTH ROAD, SURBITON KT1 2BF
TYPEResidential, Flat, House, Land, Leisure Property, Mixed Use, Commercial Land, Licensed & Leisure, Other Property Types & Opportunities
TENUREDevelopment Opportunity, For Sale Freehold
POSTED ON1st March 2021

Description

• A potential residential development opportunity with direct river frontage

• The site is set within grounds extending to approximately 0.38 acres and currently comprises a car wash. We have been advised that the car wash is currently paying a rental income of £72,000 per annum with 4 months’ notice required to obtain vacant possession.

• We are of the opinion that the site has significant residential development potential, subject to obtaining the necessary planning consent.

• Planning permission was granted in 2003 and has now lapsed for the erection of 6 x 3 bedroom two storey houses, partially below ground with courtyard gardens (Planning reference: 03/12088/FUL). The houses extended to an area of approximately 1,800sqft GIA each.

• We have been advised that there is the potential to decrease the size of the units approved in 2003 and achieve approximately 8-10 houses on site, subject to obtaining the necessary planning consent.

• The site is available freehold subject to the existing tenancy.

Location

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Location: 34 PORTSMOUTH ROAD, SURBITON KT1 2BF

Richmond (4.4 miles)

Wimbledon (4.6 miles)

Morden (4.9 miles)

Surbiton (0.5 miles)

Kingston (0.9 miles)

Hampton Wick (1.0 miles)

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