2014

Summary

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Key information

Location:	Location::Kew Road, Richmond, TW9
Asking price:	Asking price::£5,500,000
Property type:	Property type::Detached
Bedrooms:	Bedrooms::14
Size:	Size::6,615 sq. ft.(615 sq. m.)
Tenure:	Tenure::Freehold

Key features

• Investment Opportunity
• Fourteen Self-Contained Apartments
• Annual Rental Income Of £216,960
• Gross Yield - 3.94%
• Detached Corner Plot
• Scope To Value Add
• Enviable Position
• Parking Available On Site

Property description

A detached Victorian residence comprising of fourteen self-contained apartments. All apartments are currently tenanted on assured shorthold tenancy agreements bringing in £18,080pcm in total. The property comprises an extended and converted three storey detached dwelling, constructed around 1890’s with a more recent three storey side annexe extension added in 1992. The building is of traditional construction, having pitched, artificial slate roof coverings at varying levels. The original walls are of 9 inch solid brick construction, fair faced to the external elevation, as are the more recent cavity extensions, which have a brick outer leaf. Windows are of timber construction having a mixture of double hung sash and opening casements, set in timber sub frames and having painted stone cills. Floors are mostly of a suspended timber design which are either carpeted or tiled. There is parking to the rear for multiple vehicles. There is scope to modernise the apartments and further enhance the yield. The current gross yield is 3.94% based on the listing price of £5,500,000 and the current annual rental income of £216,960. Creefleet House is located moments from Kew Gardens underground station as well as the local amenities on offer in the Village as well as Kew Retail Park. The Royal Botanic Gardens Kew, home to the world's most diverse collection of living plants is within walking distance. Richmond town centre offers a larger selection of retail outlets, restaurants and bars as well as Richmond Park, the largest of London’s Royal Parks. Richmond Station (Mainline & District Line) provides superb links into the City.

Actions

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