Summary - Upper Maisonette, 5 South Terrace, Surbiton KT6 6HT
6 bed 1 bath Apartment
Vacant four-flat Victorian development with refurbishment upside in central Surbiton..
4 vacant flats across one Victorian building, immediate possession for works
Two basement studios on 90-year leases; ground rent rises in 2055
Two long 999-year leases (ground floor and maisonette) with peppercorn rents
Total area c.2,084 sq ft; six bedrooms across the development
Requires full modernisation; likely E/ME upgrades and redecoration
Only one recorded bathroom — additional facilities required
Includes own sections of rear garden and a garage parking space
Located in well-connected Surbiton with fast broadband and good schools
A rare four-unit leasehold development in Surbiton offering immediate vacant possession and clear refurbishment upside. The property comprises two basement studios, a ground-floor one-bed and an upper maisonette (three-bed) across a Victorian period building, totalling approximately 2,084 sq ft. High ceilings, large rooms and a bay/balcony feature retain character and appeal to tenants or buyers seeking period charm.
This is a straightforward conversion/refurbishment opportunity for an investor or small developer. Three flats hold very long 999-year leases with peppercorn ground rents, while two basement studio flats run from 1990 leases with c.90 years remaining and a modest ground rent that rises in 2055. Four vacant flats mean works can begin immediately without occupant disruption.
Material points to note: the building requires modernisation throughout — cosmetic and likely mechanical/electrical upgrades are needed. Accommodation is currently arranged as six bedrooms across the development but there is only one bathroom recorded, so reconfiguration and additional sanitary provision will be necessary. Ground rent shifts for the 1990 leases (from £100 pa to £250 pa from 2055) should be factored into long-term running costs.
Well-located in a cosmopolitan, well-connected part of Surbiton (KT6) with fast broadband and excellent mobile signal, local amenities, good primary and secondary schools nearby and easy rail connections. The mix of long leases and the shorter 90-year interests creates both immediate rental potential and a longer-term asset with scope to add value through refurbishment, reconfiguration and modern letting standards.
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