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.