Detached Victorian villa for sale with a circa 4% gross rental yield and presented in outstanding, turn-key condition. GIA 7,813 sq. ft. / 726 sq. m.
The beautiful Victorian villa is presented in excellent order, with a gated, landscaped entrance leading to the impressive front steps to the building. There is also a separate ramped approach for step-free, lift access to the upper floors. All of the flats come with RBKC parking permits and also have access (subject to application) to the prestigious, Pembridge Square Private Communal Gardens.
The three upper flats on the first, second and third floors all benefit from direct lift access, three bedrooms, two bathrooms and a separate kitchen. The third floor Flat 5, has large west facing roof terrace, plus planning permission pending to add another 500 sq.ft. The two substantial raised and lower ground floor maisonettes have three-bedroom, two bathrooms and courtyard gardens.
The building is within five minutesā walk of Westbourne Grove, Notting Hill Gate (Circle & District Lines, Central Line), many fantastic schools including The Wetherby and Pembridge Hall, some of London’s most prestigious private schools. Therefore it is a highly desirable location for prospective tenants, especially those with young families.
The five luxury flats range from Ā£3.375m to Ā£3.75m each, with estimated Total Annual rental return of Ā£658,800.
Flat 1: Ā£12,000 PCM
Flat 2: Ā£12,000 PCM
Flat 3: Ā£9,450 PCM
Flat 4: Ā£9,450 PCM
Flat 5: Ā£12,000 PCM
This building will fall outside of the incoming Renter’s Rights Bill (as all the five units are over Ā£8,000 PCM). It is also the sole asset held in a newly formed UK Ltd. SPV Company, for which all the shares can be purchased, to benefit the buyer with a significant stamp duty saving.
N.B. Internal photos online are from the owner’s previous Notting Hill apartments as this building is a few weeks away from being completed.