The property comprises a two storey detached building arranged as six self-contained flats with extensive grounds to the rear.
To the front of the property is a driveway with a detached double garage. Both garages are unlet.
The grounds to the rear are principally laid to lawn. The total approximate site area extends to 1.07 acres (0.43 hectares)
( Agency Pilot Software ref: 22379 )
Location
The property is located on Chequers Lane in the village of Walton on the Hill which lies midway between the market towns of Epsom and Reigate. Tadworth railway station is approximately 4.4 miles to the north east providing regular services to London Bridge in 53 minutes. The local authority is Reigate and Banstead Borough Counci
Accommodation
The grounds to the rear are principally laid to lawn. The total approximate site area extends to 1.07 acres (0.43 hectares)
Terms
LEASE PROFILE We understand that all six flats have been sold-off on long-leasehold interests. The lease of flat 3 has approximately 31 years unexpired. The total ground rental income is £406.00 per annum gross.
DEVELOPMENT OPPORTUNITY The large rear garden grounds may be able to provide a development opportunity of either housing or flats, subject to the grant of planning permission. Purchasers are to make their own planning enquiries.
LEGAL COSTS Each party is to be responsible for their own legal & surveyors costs. Landlord and Tenant Act 1987 Section 5 Notices shall be served on the qualifying long leaseholders following acceptance of an offer.
PRICE The freehold interest is offered for sale subject to the long-leases and subject to contract at the following guide prices: • Unconditional offers are requested in the region of £175,000.
TENURE The property is freehold held under title reference number SY134791
Specification
▪ Part-Reversionary Freehold Ground Rent Investment Opportunity in Walton on the Hill
▪ The property comprises six flats arranged over ground and first floors
▪ All flats have been sold-off long-leasehold and produce a total ground rent income of £406.00 per annum gross
▪ Subject to a Lease with approximately 31 years unexpired
▪ Total site area 1.07 acres (0.43 hectares)
▪ Back land development may be possible STPP
▪ The freehold interest is offered for sale, subject to the long leases in the region of £175,000 (STC)