Stanley Property London

Penywern Road, SW5
£ 1,700,000

INVESTMENT OPPORTUNITY (selling by Court Order)

Showing a gross yield of approx. 5% at the asking price, we are selling seven studio flats as one investment.

The flats have a strong lettings history. All are currently let on Assured Shorthold Tenancies.

The 7 flats being sold make up approx. one third of the building.

Notably, two thirds of the Share of Freehold comes with this purchase, giving the purchaser the ability to control the future management of the building.

The building is made up of a total of 22 flats and is in a tired condition. There is definitely room to improve the returns and value by updating the 7 flats and the building. Possible development potential (subject to planning)

As a matter of fact

  • 7 leasehold studio flats
  • AST income approx. £80k pa
  • Ground Rent(s) income
  • Approx. £5,100 pa
  • 2/3 Share of the Freehold
  • SDLT Multiple dwellings relief
  • Kensington & Chelsea
  • Earls Ct tube station 200m
  • Investment Opportunity
  • Development Opportunity (STPP)
 
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