Student housing investment opportunity within Kingston Upon Thames, comprising a total of no.17 newly converted, ground floor, student accommodation units.
( Agency Pilot Software ref: 23102 )
Location
The property is located in the administrative confines of the Royal Borough of Kingston Upon Thames. Kingston is identified as a metropolitan centre in the London Plan and is a major retail and leisure hub centre anchored by a large shopping centre, The Bentalls Centre, as well as The Rotunda, a 15 screen Odeon multiplex cinema with bowling alley and restaurants. The Property is situated on the south side of London Road (A308), 0.5 miles east of Kingston town centre. Richmond Park is located 0.5 miles north of the Property. A number of other student residences are also within the area, including Kingston Plaza which is located immediately to the east of the Property.
Accommodation
Each studio room is a self-contained unit with its own en-suite bathroom and kitchen facilities. The en-suite bathrooms are DDA compliant. Works to the student units are not yet complete, with furniture, fixtures and equipment, flooring and white goods still requiring installation. On completion of the works, each studio room is sized to fit a king-size bed, two desks, sink, small fridge, hob and entry-phone.
The one en-suite unit has no kitchen but will have use of the communal kitchen. With reference to the approved plans for the student accommodation, the en-suite unit extends to approximately 16 sq m and the studio units range from approximately 19 sq m to 23 sq m. There are no.17 cycle storage spaces available for residents to the rear. There is no resident parking available at the property
Terms
TENURE Leasehold (title reference numbers: SGL699593 & SGL699609), with vacant possession. For a term of 150 years, less 1 week from 1st January 2004 (expiring December 2154). Further details and lease copies are available upon request.
VAT The property is not elected for VAT.
GUIDE PRICE £2,950,000.
OFFERS Offers are being invited by way of private treaty. Offers should be in writing and include the following information: • Identity of the proposed purchaser • Purchase price • Purchaser background & track record. Proof of funds will be requested if your offer is further considered • Proposed timescale for exchange and completion of sale • Solicitor details • Any condition or surveys that are required No offer is to be calculable by reference to any other offer.
EPC Unit 1 = EPC Rating C(75) Unit 2 = EPC Rating C(74)
EPC EPC certificates for each of the individual flats can be found within our data room.
LEGAL COSTS Each party is to be responsible for their own legal costs. AML Upon agreement of Heads of Terms, a mandatory Purchaser KYC documentation request will be made for Anti Money Laundering purposes.
Specification
• A student housing investment opportunity within Kingston Upon Thames, comprising a total of no.17 newly converted, ground floor, student accommodation units.
Excellently positioned for Penrhyn Campus, London Road, Campus and Kingston Hill Campus of Kingston University and only a 5–10-minute walk from Kingston Upon Thames town centre.
• Offers invited by way of private treaty, for the long leasehold interests with vacant possession.
• Guide Price: £2,950,000.