Land For Sale, Lind Road, Sutton SM1

Description

Investment Opportunity! Silverman Black is delighted to offer 39 Lind Road to the market as a Freehold investment. The building was substantially extended and converted into 4 brand new studio apartments just over 1 year ago - with all of the units currently rented out on individual AST agreements - producing almost £41,000 pa in income - and a "return" of almost 6% based on current figures. Being only one year old, the fixtures & fittings included within are all "nearly new", with quality kitchens and bathroom fitted, new wiring, electric heating, new flooring and double glazing - so the site should not require much up-keep for the near future. The development is located only half a mile from Sutton Town Centre (10 minutes walk), whilst Sutton's mainline br station is probably about five minutes further away - making these units easy to rent at around £850 pcm each. In addition, the current owners have drawn up plans to convert the two rear studios into one bedroom cottages, by adding first floors onto the "bungalow" section at the rear of the building. Although these plans have not been submitted to the council, they are available to be viewed here at Silverman Black. If you are interested in talking over this excellent opportunity, please call Simon Walsh at Silverman Black on . Please note that the internal photos are a mixture of the four flats when they were marketed from new, but demonstrate the quality of the fixtures, fittings and decor of them.

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Land For Sale £700,000 Lind Road, Sutton SM1

Land For Sale £700,000
Lind Road, Sutton SM1