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Wolsey Road, Ashford, Surrey, TW15

Guide Price
£1,400,000

£469.01 per sq ft

Business rates & charges may apply

Dexters Development & Investment, Land & Development South London
SIZE AVAILABLE

2,985 sq ft

277 sq m

SECTOR

Residential development for sale

Key features

  • Turnkey investment opportunity
  • Featuring six modern self-contained flats
  • Full planning consent to create an additional three-bedroom flat
  • Gross Income of £81,660 per annum

Description

The Old Watch Factory is a modern contemporary designed two storey block of nine self-contained flats built in circa 2020.

Three of the flats have been sold on long leases and are not included within this sale.

The remaining six one-bedroom flats are all currently let on Assured Shorthold Tenancy Agreements generating a Gross Income of £81,660 per annum.

In addition, the sellers have secured full planning permission for the addition of a second storey three bedroom self-contained flat. Granted on the 8th November 2021 by Spelthorne Borough Council the proposed new dwelling as detailed within Planning Application Reference: 21/01361/FUL is circa 1,094 sq/ft and features three-bedrooms and includes one off-street parking space.

The proposed scheme as detailed within Planning Application Reference: 21/01361/FUL is liable to pay £18,297 of Community Infrastructure Levy to Spelthorne Borough Council as detailed within the CIL Liability Notice.

The sellers have applied to discharge Condition 4 of Planning Application Reference: 21/01361/FUL and are currently pending determination from Spelthorne Borough Council. Condition 4 states that following construction of any groundwork and foundations, no construction of development above damp course level shall take place until a report is submitted to and agreed by the Local Planning Authority which includes details and drawings demonstrating how 10% of the energy requirements generated by the development as a whole will be achieved utilising renewable energy methods.

Located within 400 metres of Ashford town centre which features a plethora of local shops and within 450 metres of Ashford railway station which provides direct trains to London Waterloo and Windsor.

Please note the CGI images are for illustrative purposes only.

Wolsey Road, Ashford, Surrey, TW15

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Ashford Station0.3 miles
  • Staines Station1.4 miles
  • London Heathrow Airport Terminal 4 Station2.0 miles

About Dexters Development & Investment, Land & Development South London

Dexters Wimbledon, 12 The Broadway London SW19 1RF

Dexters Development & Investment, Land & Development South London

London covered

Our dedicated team of specialists have a well-established track record of achieving clients more than the market value for land, development and investment projects across the capital. Members of RICS, our qualified chartered surveyors uphold their reputation for integrity and professionalism.

Based in one of the Dexters ‘Centres of Excellence, our experts focus solely on development services for clients including Croudace Homes, Barratt Homes, Berkeley Grou

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Notes

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Disclaimer - Property reference WolseyRoad6-8. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dexters Development & Investment, Land & Development South London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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