Summary - 5 South Terrace, Surbiton, Surrey, KT6 KT6 6HT
6 bed 1 bath Residential Development
Vacant, character-filled development near transport and top schools.
4 Leasehold apartments across Victorian building, all currently vacant
Includes 3-bed maisonette, 1-bed ground floor, and two basement studios
Property needs modernisation; one basement studio in shell condition
Basement studios: 125-year leases from 1990, ~90 years remaining
Ground rents: £100pa until 2055 then £250pa for basement flats
Other flats: 999-year leases with peppercorn ground rent
Private sections of rear garden and garage potential included
Located in affluent KT6 with fast broadband and excellent mobile signal
This period red-brick property comprises four vacant leasehold apartments across basement, ground, first and upper maisonette levels, offered as an investment or development opportunity. The building retains distinctive Victorian features — high ceilings, sash windows and decorative cornices — and includes private garden sections plus garage potential. Its location in Surbiton (KT6) benefits from strong local amenities, fast broadband and excellent mobile signal, making it attractive to tenants or purchasers seeking urban convenience.
Three of the flats sit on long 999-year leases with peppercorn ground rents, while both basement studios have 125-year leases started in 1990 with around 90 years remaining and a ground rent rising in 2055. All four units are vacant, allowing immediate access for refurbishment, consolidation or re-letting. The upper maisonette provides three bedrooms and the ground floor a one-bedroom layout; the two basement studios are smaller and include one with shell condition requiring substantial work.
The property needs modernisation throughout; some flats are in reasonable condition but the front basement is a shell. Buyers should factor renovation costs, lease lengths and forthcoming ground rent step-up for the basement flats into any acquisition model. Nearby schools have good to outstanding ratings and transport links are strong, supporting both family tenants and young professionals.
This opportunity suits experienced investors or developers comfortable delivering a refurbishment program in a conservation-style building. The vacant possession and mix of long and shorter leases offer flexibility: renovate and let, reconfigure layouts, or hold for capital growth in an affluent, well-connected neighbourhood.
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