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Pre-Planning South West London Development Opportunity

Kingston upon Thames, United Kingdom

61%

Offers invited

Development

#34879

Value-Add

28 Oct 2024

Property Details

Broker

Deactivated

93,816 sq.ft.

8,716 m²

GIA

Freehold

X

Fees

0.00 %

0.50 %

0.50 %

Investment Overview

A 1.19-acre (0.48ha) site situated in the Royal Borough of Kingston Upon Thames, within the main shopping area of Clarence Street. The existing buildings, collectively measure approximately 8,716 sq m (93,816 sq ft) GIA. The asset generates a total gross income of c. £397,200. Suitable for a range of alternative uses, including residential (build to rent or for sale), co-living, student and commercial, subject to vacant possession and obtaining the necessary consents. The site is just a 2-minute walk from Kingston Station, offering frequent and direct rail services to London Waterloo in 28 minutes. A feasibility study demonstrates the site could accommodate a residential development totaling 30,914 sq m (332,756 sq ft) GIA.