Holland Park W11
- Bedrooms: 5
- Bathrooms: 3
- Reception Rooms: 3
- Tenure: Freehold
- Local Authority: The Royal Borough of Kensington & Chelsea
Internal Area (approx.): 200 sqm / 2,151 sq ft
A rare opportunity to acquire a highly attractive period freehold property on Royal Crescent comprising of three flats currently let on Assured short-hold tenancies.
Royal Crescent is a mid-terraced, Grade II* listed townhouse constructed in the mid part of the 19th Century. Accommodation is over four floors from the first floor to the fourth floor in the converted mansard roof. The period converted house is divided into 4 self-contained apartments of which our client is selling the freehold along with 3 of the 4 apartments with one having been previously sold on a long lease.
The upper floors feature Flat 2 at first floor level, Flat 3 at second floor level and Flat 4 at third and fourth floor level. Each apartment benefits from access from a communal entrance and stairs leading to the upper floors.
All 3 flats are currently let on a Assured Short-hold Tenancies with a Gross yield of 3.38%. The total current rent reserved is £81,132 per annum.
To be sold by informal tender with best and final bids invited by 12 noon on Friday 27th May.