UNDER OFFER

Freehold Mixed-Use Property with Development Potential

Kingston Road, New Malden KT3

£800,000

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Description

Opportunity to purchase an end of terrace property consisting of ground floor commercial space and two flats above. Each flat has its own dedicated entrance. 224A is accessed from Georgia Road and is a one-bedroom flat. 226A is accessed from Kingston Road and is a two-bedroom flat. The commercial space is approximately 3,000 sq ft with its own kitchenette & WC. The property will be sold with vacant possession.

Planning for the creation of three new one-bedroom flats and one studio flat whilst retaining the existing two flats was rejected back in August 2019. We believe a more sympathetic design might gain approval. We would advise that each party makes their own enquiries in this respect.

Location

224-226 Kingston Road, New Malden KT3 3RN

The property is located 0.8 miles from New Malden Railway Station which has a travel time of 25 minutes to London Waterloo. Berrylands Station is located 0.9 miles away and has a travel time of 27 minutes to London Waterloo. Kingston Town Centre is only 1.5 miles away and the property benefits from all its local amenities and shopping attractions.

Planning History

19/01044/FUL Part demolition of existing shop, erection of single storey, two storey, first floor extensions and rear dormer to create three new one bedroom and one new studio flat. Retention of existing two  flats - Rejected August 2019.

Plans