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£2,999,99917 bedroom block of apartments for sale
Magnum House, London Road, Kingston Upon Thames, KT2
Chain-free
Reduced
Block of apartments
17 beds
17 baths
Key information
Tenure: Leasehold | 997 yrs left
Service charge: £13,600 per annum
Council tax: Ask agent
Mobile signal:
EEO2ThreeVodafone
Features and description
- Chain free
- Leasehold
- Investment opportunity
- Potential approx 8.6% yield per annum
- 999 year leases
- Newly refurbished
- Ideal investment
Investment Opportunity – Rental yield approx 9.2% per annum. An excellent leasehold investment opportunity comprising a block of 17 self-contained studio apartments, offered for sale with tenants in situ and no onward chain, generating an attractive approximate gross yield of 9.2% per annum.
Each studio has been recently refurbished and is presented in excellent decorative order, ensuring low immediate capital expenditure and strong ongoing rental appeal.
The property occupies a highly sought-after location, just 0.2 miles from Norbiton Station and 0.6 miles from Kingston Station, both providing regular services into London Waterloo, making it ideal for commuters. Kingston town centre is within easy reach, offering a wide selection of shops, restaurants, leisure facilities and the popular Bentall Centre, approximately 0.8 miles away.
The block is also well positioned for the student rental market, with Kingston University’s Penrhyn Road Campus a 20-minute walk or 6-minute bus journey, and the London Road and Kingston Hill campuses nearby.
This is a rare opportunity to acquire a fully income-producing block in a strong rental location with proven demand.
Each studio has been recently refurbished and is presented in excellent decorative order, ensuring low immediate capital expenditure and strong ongoing rental appeal.
The property occupies a highly sought-after location, just 0.2 miles from Norbiton Station and 0.6 miles from Kingston Station, both providing regular services into London Waterloo, making it ideal for commuters. Kingston town centre is within easy reach, offering a wide selection of shops, restaurants, leisure facilities and the popular Bentall Centre, approximately 0.8 miles away.
The block is also well positioned for the student rental market, with Kingston University’s Penrhyn Road Campus a 20-minute walk or 6-minute bus journey, and the London Road and Kingston Hill campuses nearby.
This is a rare opportunity to acquire a fully income-producing block in a strong rental location with proven demand.
About this agent
The Chant Group are letting specialists. By combining 30 years industry experience of our team, we are able to provide landlords, tenants and investors with a simple and straightforward service. We are constantly striving to do things better and go beyond our client’s expectations.