Property photos
Guide price
£475,000
(£418.13/sq. ft)
Block of flats for sale
21 St. James Avenue, Sutton, Surrey SM11,136 sq. ft
Local area information
Property location
Nearby amenities
- West Sutton 0.1 miles
- Robin Hood Infants' School 0.2 miles
- Homefield Preparatory School 0.2 miles
- Sutton (London) 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Semi-detached building on popular residential street
- Arranged as a 4 Unit HMO
- C. 1,136sqft gross internal floor area with large garden to rear
- Freehold in same family ownership for 50+ years
- Currently let below market rate with existing Tenants holding over
- Guide price £475,000 F/H
An opportunity to purchase the freehold of a two-storey semi detached building which is currently being operated as a 4-unit HMO.
The property measures 1,136sqft internally and is arranged as 4-units. There are 2 units on each floor which all have kitchenettes and coin operated meters, The property is also served with gas central heating. The units share a communal shower room/wc that is located on the first floor. To the rear of the property there is a large garden that is currently shared by the existing Tenants.
Having been in family ownership for 50+ years, the property is currently let at below market rates with existing Tenants holding over meaning there is significant opportunity to increase the rental income of the property through management. The estimated market rental value of the HMO is £42,000 per annum. Subject to planning permission, the property may also lend itself to conversion to either a family home or 2 x flats.
The property is to be sold Tenanted and is available for immediate Freehold purchase
The property measures 1,136sqft internally and is arranged as 4-units. There are 2 units on each floor which all have kitchenettes and coin operated meters, The property is also served with gas central heating. The units share a communal shower room/wc that is located on the first floor. To the rear of the property there is a large garden that is currently shared by the existing Tenants.
Having been in family ownership for 50+ years, the property is currently let at below market rates with existing Tenants holding over meaning there is significant opportunity to increase the rental income of the property through management. The estimated market rental value of the HMO is £42,000 per annum. Subject to planning permission, the property may also lend itself to conversion to either a family home or 2 x flats.
The property is to be sold Tenanted and is available for immediate Freehold purchase
More information
Listed by
Acorn - Bromley Commercial
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