Student accommodation leasehold for sale in Kington upon Thames

This property is marketed by:
Colliers

Key features

• 4-min walk from Norbiton train station (28 minutes to Waterloo).
• Close proximity to Kingston Town Centre.
• 17 recently refurbished student apartments.
• 100% occupancy.
• Annual rent of £280,000 pa with 2% annual uplifts.

Description

Student Apartment Scheme in the Heart of Kingston-upon-Thames.

Excellent location, only a 4-min walk from Norbiton train station (28 minutes to Waterloo) with close proximity to Kingston Town Centre.

The scheme consists of 17 recently refurbished student apartments.

100% occupancy.

The asset is offered with a new lease in place to Oyo for a 7-year lease term.

Annual rent of £280,000 pa with 2% annual uplifts.

Historically well performing at 100% occupancy.

The property fronts onto London Road, which links directly to the A3, providing quick access to the M25 and wider motorway network.

Excellently positioned for Penrhyn Campus, London Road, Campus and Kingston Hill Campus of Kingston University and only a 5–10-minute walk from Kingston Upon Thames town centre.

The property is held long leasehold for a term of 150 years, less 1 week from 1st January 2004 (expiring December 2154).