ADDRESS39-41 Surbiton Road, Kingston upon Thames, Surrey KT1 2HG
TYPEResidential, Mixed use, Other Property Types & Opportunities
TENUREDevelopment Opportunity, For Sale Freehold
POSTED ON12th July 2021
The site comprises two 3-storey plus a basement attached properties with open parking areas to the rear. The properties front Surbiton Road (A240) and adjoin Southsea Road with vehicular access to both properties. The site has an approximate area of 6,284 sq ft / 584 sq m. The site is not located within a conservation area and does not contain a statutory listed building.
PLANNING CONSENT A full Planning Consent (19/03092/FUL) has been granted on the 2nd March 2021 for the partial demolition of the existing building in association with the redevelopment of the site to provide a mixed use building comprising four A1/A2/A3/B1a uses (now within the new E class) at ground floor level and 9 residential comprising 3 x 1 bedroom; 3 x 2 bedroom and 3 x 3 bedroom flats on first, second and third levels. There are 4 parking spaces and a bike store for 17 bicycles.
TENURE The site is to be sold freehold and is offered with full vacant possession.
PRICE We have been instructed to seek unconditional offers in excess of £2,500,000 (Two Million Five Hundred Thousand Pounds), subject to contract and exclusive of VAT.
METHOD OF SALE The property is to be sold by way of an informal tender (unless sold prior). A deadline for offers will be provided in due course.
ANTI-MONEY LAUNDERING A successful bidder will be required to provide information to satisfy the AML requirements when Heads of Terms are agreed.