£11,000,000 - Freehold
7,651ft2 / 711m2
A rare grand stucco fronted period freehold investment opportunity
The Property comprises 8 self-contained apartments situated within two six-storey stucco fronted former dwelling houses.
The asset comprises of 4 x 3 bedroom, 4 x two bedroom across lower ground, ground and 4 upper floors. The property comprises 7,651 sq. ft / 711.41 sq. m of residential accommodation (GIA of the residential flats combined, excluding common parts). GIA of the entire building is circa 9000 sq. ft / 836 sq. m.
The property benefits from an internal lift to all floors. Excellent transport links, with Royal Oak, Queensway, Bayswater and Paddington all within a 0.5 mile radius.
Total passing rent of £266,135.84. Freehold. Property is owned in an SPV as a single asset.
*Due to Covid, rent reductions have been agreed with some of the tenants. The rental income without discounts should be £287,299 per annum. Opportunity to enhance rents further through refurbishment.
The Property is located in Bayswater, in west London. Bayswater falls within the administrative boundaries of the City of Westminster and borders Notting Hill to the west, Paddington to the east, the A40 (Westway) to the north and Queensway to the south.