Block of flats for sale in Fassett Road, Kingston Upon Thames KT1
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Property 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
Property 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.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Dexters - Development and Investments London, KT6 on +44 20 8033 5526 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Dexters - Development and Investments London, and do not constitute property particulars. Please contact Dexters - Development and Investments London for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.