1 November 2023: Wednesday 01 November 2023 - 9:00am
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    Key features

    • Moved to the 21st November auction (unless sold prior) due to no legal pack
    • Investment let at £531,529 p.a. (11.19% GIY on guide)
    • Fully let for the 2023/24 academic year
    • A freehold property situated on 0.131 acres & comprising of 40 en-suite bedrooms; situated within 4 bedroom clusters
    • Asset management potential to increase the rent in the next academic year
    • In good decorative order
    • Located an approx. 0.4 miles from Motspur Park Station
    • Vat free investment
    • 8 week completion available

    Description

    Please click here for Link to the properties website

    The property comprises of 10 x 4 bedroom flats amounting to 40 bedrooms and arranged over ground, first, second and third floor.

    Each bedroom has an en-suite bathroom and each 4 bedroom cluster has a kitchen/dining area.

    The property is serviced by a (8) person lift, a covered stair well and an internal stairwell.

    There is a managers office located at 2nd floor level and communal garden/amenity space located at ground floor level; along with parking space for one car.

    The property was fully refurbished in 2019 and has regular annual improvements/upgrades to keep the property in good condition.

    There is an external plant room with modern gas fired boiler which provides heating and hot water for the property. There is also solar panels fitted on the roof.

    The majority of students are enrolled at Kingston University.

    Additional information

    Tenure

    Freehold

    Accommodation

    Comprising of 40 en-suite bedrooms and 10 kitchens/living areas over four floors

    Tenancy

    The occupied flats are held on 51 week AST's and a full tenancy schedule with associated documents can be found in the legal pack

    Planning

    The planning permission permits the site to also be used as a HMO and can be let to professionals 

    Rent

    £531,529 p.a.

    Notes

    Please note, the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills, prospective purchasers must rely upon their own enquiries in this regard.

    Please also note, that at the time of print/auction the income and tenancies are reported to be correct.

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      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located at the junctions between Burlington Road and Belmont Avenue.

      Motspur Park Station is located an approx. 0.4 miles from the property

      Transport

      Motspur Park Station - National rail services

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums