Description
The property comprises a mixed-use site with an MOT garage (let on a flexible lease, potential for vacant possession) and three residential flats on short-term tenancies; total 4,094 sq ft (garage incl. forecourt) plus 1,624 sq ft residential (GIA). Current income is £61,392 pa (£40k resi, £21k commercial), with both elements under-let (ERV c.£80k) and part of the site underutilised. Held under two titles with no planning history, in an area achieving £550–£600 psf, offering strong asset management and redevelopment potential (STPP).
Location
Situated on Upper Brighton Road in the highly desirable area of Surbiton, the site benefits from an excellent balance of suburban tranquillity and ideal connectivity.
Surbiton Town Centre is just a short distance away, offering a vibrant selection of shops, cafés, restaurants, and everyday conveniences, as well as larger supermarkets and leisure facilities.
Terms
Highfield are inviting Offers in Excess of £1,250,000 for the freehold interest.
Tenure
Freehold.
Financial Contributions
We are understand that CIL and S106 charges are not applicable.
VAT
We have been advised that VAT is not applicable to this transaction.
Access
Access to the site is available by prior appointment. Please call a member of the Highfield team to arrange.
Further Information
Please contact a member of the Highfield team for further information.
