Fassett Road, Kingston Upon Thames, Surrey, KT1
£515.73 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
5,817 sq ft
540 sq m
- SECTOR
Residential development for sale
Key features
- Investment Opportunity
- Currently operating as 9 flat/28 room student accommodation
- Current income £223,800 pa
- Net internal area 5035 square feet/5817 square feet total
- Car Park to rear with 7 spaces
- Car park at the rear with 7 x parking spaces
Description
1 Fassett Road is a residential apartment building currently operating as a 9 flat, 28 room student accommodation property generating £223,800 per annum. The net internal area is estimated at 5035 square feet which represents a discounted capital value of £636 per square foot, and total square footage 5817. To the rear of the building is a car park with 7 x parking spaces.
The building is currently generating £223,800 per annum. The rents paid by tenants includes utilities, and are due to increase when new student tenancies commence in August 2024. There is potential to improve this income through either refurbishment or repositioning the asset to a different model such as serviced accommodation.
For Sale is the unbroken freehold.
Fassett Road is a quiet residential street positioned between Kingston Upon Thames and Surbiton. The area is popular with students and young professionals given it's proximity to Kingston University, St Mary's University, Kingston Hospital and Kingston town centre.
Fassett Road, Kingston Upon Thames, Surrey, KT1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Surbiton Station0.7 miles
- Kingston Station0.7 miles
- Hampton Wick Station0.9 miles
About Dexters Development & Investment, Investments
Dexters Mayfair, 66 Grosvenor Street, London, W1K 3JL
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
Notes
Disclaimer - Property reference 1FassettRoadKT12TD. 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, Investments. 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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