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For sale
£12,000,000
Leasehold
Lees Place, London, W1
Residential/Commercial Investment
StudioBEDROOMS, 0BATHROOMS,
10 Lees Place is a substantial, low built property comprising eleven apartments over first to third floors and six commercial (A2/A1/B1) units over ground and lower ground with a total square footage of 12,507 sq ft (GIA). The entire building is owned on a headlease of 75 years from December 1975 (42 years remaining) and the apartments are owned in six SPV's allowing for possible lease extensions in the future. The commerical units are currently divided into six although a licence has been granted from the freeholders (Grosvenor Estate) allowing them to be combined to create one office of 6,131 sq ft. The residential (C3) part of the block has its own, private ground floor entrance and a lift servicing all floors, it benefits of established use for short term lettings (less than 90 days) and are currently fully let with an income of approximately £543,400pa with a mixture of long and short term tenants both of which are allowed
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For sale
£14,500,000
Freehold
Medway House, Medway Street, London, SW1
Residential/Commercial Investment
StudioBEDROOMS, 0BATHROOMS,
The property comprises a freehold, newly constructed building over ground to sixth floors comprising fourteen residential units, one A1/A2/A3 (cafe/restaurant use restricted against cooking of raw or fresh food, and a proviso that customers shall not be allowed in the premises outside the hours of 8.00 to 23.00) premises and 5/6 underground parking spaces. The residential units are split into 3 one bedroom apartments, 8 two bedroom apartments and 3 three bedroom duplex apartments. All of the apartments are finished to a high specification including custom fully fitted kitchens, walnut flooring and designer bathroom suites. The five apartments at the top of the building benefit from a higher specification including better quality kitchens and bathrooms, comfort cooling, lacquered finishes, special lighting and improved layouts to make the best possible use of light and space.
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For sale
£50,000,000
Freehold
Kew Bridge Court, Kew Bridge Road, London, W4
Residential Investment Opportunity
StudioBEDROOMS, 0BATHROOMS,
Kew Bridge Court comprises ninety four self contained residential units within five low built blocks set over ground to second or third floors; there are twelve one bedroom flats, seventy four two bedroom flats and eight three bedroom flats. All of the apartments have been refurbished to a high standard within the last twelve months and are fully furnished in a contemporary style. Many of the apartments benefit from en-suite bathrooms to the master bedroom and the majority have balconies or patios. The site benefits from 104 off street parking spaces and landscaped communal gardens. This unique site area covers 2.2 acres and is set behind electronic gates and the buildings are set well back from the road. There is a plot of land at the rear of the site which has potential for a small block of flats, subject to the necessary consents. ERV of £2.2 pa equating to a gross yield of 4%.
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