Summary - 39, ST MARK'S HILL KT6 4LT
1 bed 1 bath Residential Development
**Standout Features:**
- Freehold residential development opportunity
- 0.195-hectare (0.483 acres) prominent site
- Existing eight self-contained flats with asset management potential
- Planning permission granted for two additional storeys (12 flats) and a new five-storey building (11 flats)
- Prime location near Surbiton Station and town center
- Potential for significant rental income with ongoing tenancies
**Summary:**
Austin House presents an extraordinary investment and development prospect in the vibrant borough of Kingston-upon-Thames, Surbiton. With planning permission for the construction of 23 new private self-contained flats, this freehold development encompasses a significant land area of approximately 0.195 hectares. Currently, the property features eight existing ground-floor flats, with three units currently available for lease, offering immediate rental income and the opportunity for refurbishment to enhance value.
Located just a short distance from Surbiton Station, which provides swift access to London Waterloo in under 20 minutes, this property perfectly balances urban connectivity with a serene residential atmosphere. The surrounding area boasts a diverse range of amenities, including shops, restaurants, and reputable schools. It offers a compelling environment for families and investors alike, ensuring excellent rental potential and a promising future for further development. With the combination of its size, location, and existing flats' leasing possibilities, this property is a rare find that won't stay on the market for long.
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