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Freehold HMO Investment Opportunity, 63A The Crescent, Sutton, SM2 7BT

3,342 Sq Ft / Other

Withdrawn - Last updated: 02 December 2020

The impressive two-storey detached property is of brick construction beneath a pitched tiled roof, over three floors, currently providing a ten bedroom HMO, subject to revised HMO Licence. There is a private patio and garden to the rear of the property, and driveway with car parking for four cars and unrestricted street parking in The Crescent
( Agency Pilot Software Ref: 349 )

Location

The property is situated in a sought after location on the northern side of The Crescent, midway between its junctions with Burdon Lane and Belmont Rise (A217). Belmont Village is a short walk away, and offers a range of neighbourhood shops and a BR Station providing frequent services to London Victoria and London Bridge. Banstead Golf Course and Banstead Downs are also within close proximity.

Accommodation

Open porch entrance to property, with double glazed door into ground floor hallway, leading to:

Ground Floor Room 1 3.25 x 5.42m - to be converted subject to HMO Licence
Double Bedroom 2 3.63 x 4.27m (plus 1.78 x 2.58m
En-suite Bathroom 1.74 x 2.36m
Double Bedroom 3 3.53 x 5.80m (plus 0.89 x 2.19m)
En-suite Bathroom 1.69 x 2.04m
Communal Kitchen 5.54 x 5.16m
Communal Utility Room 2.59 x 1.68m
Hallway 7.96 x 1.48m
Hallway 3.78 x 3.84m
Shared WC/Cloakroom 1.75 x 2.20m Garage 8.01 x 3.08m
Ground Floor Total Area: 130.76 sq m 1,408 sq ft
First Floor Double Bedroom 4 3.35 x 4.46m
En-suite Bathroom 2.74 x 2.26m
Double Bedroom 5 3.60 x 5.10m
En-suite Bathroom 1.57 x 3.30m
Double Bedroom 6 3.05 x 5.19m
En-suite Bathroom 2.00 x 2.27m
Double Bedroom 7 5.70 x 2.40m
En-suite Bathroom 2.27 x 2.00m
Double Bedroom 8 4.40 x 3.20m
En-suite Bathroom 1.60 x 1.84m
Landing 5.64 x 1.22m

First Floor Total Area: 107.16 sq m (1,153 sq ft)

Terms

Proposal: The premises are offered Freehold for sale, subject to the existing HMO Licences and the benefit of the associated income as above.

Price: £XXX subject to contract.

Planning: The property is not listed or within a Conservation area. We understand that the property benefits from Planning Permission granted DM2019/01211 for an HMO for 9 persons, however, an application is being put to the London Borough of Sutton for a revised HMO Licence for 10-11 bedsits.

VAT: The property has not been elected for VAT. Legal Costs: Each party is to be responsible for their own costs in this transaction.


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