Summary - 141, LONDON ROAD KT2 6NH
1 bed 1 bath Commercial Development
**Standout Features:**
- Freehold mixed-use property in a prime location
- Ground floor retail unit with existing tenancy, generating £65,400 p.a.
- Upper residential component presents renovation opportunity
- Recent planning application submitted for conversion into 5 flats (ref: 24/00605/FUL)
- Total area of 2,637 sq. ft. with potential GDV estimated at £1.5M
- Excellent commuter access and high foot traffic
**Potential Downsides:**
- Current flats require modernization
- Previous planning application for conversion was refused
- Vacant ground floor retail space
Discover an exceptional investment opportunity at 141 London Road, a remarkable freehold mixed-use property in the heart of Norbiton, Kingston upon Thames. Boasting 2,637 sq. ft. of versatile space, this property includes a retail unit currently generating income while the three located flats upstairs offer tantalizing renovation potential.
Strategically positioned just a five-minute walk from Kingston’s shopping center, this investment benefits from high visibility on a bustling main road, ensuring consistent foot traffic. Although the upper flats require modern updates, there is clear potential for increased rental income, with an estimated rental value soaring to £110,000 p.a.! Additionally, a planning application for converting the upper sections into five flats presents a promising avenue for future development, augmenting the property's value further.
While the recent planning application was refused, the property allows for potential expansions, such as an additional upper story or a rear extension, catering to the rising demand for residential spaces in this affluent and culturally vibrant neighborhood. Perfect for savvy investors looking to capitalize on future growth, or families seeking a prime location, this unique mixed-use property doesn’t just offer a place to invest; it offers a chance to shape the future. Act quickly; opportunities like this in Kingston's dynamic market don’t last long!
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