£4,100,000
(£911/sq. ft)
Block of flats for saleGloucester Terrace, London W2
4,500 sq. ft
Leasehold
About this property
Roof terrace
On street/residents parking
Central heating
Double glazing
Wood floors
Arcstone Properties is pleased to present a beautiful 12 apartments Leasehold Building in Gloucester Terrace, Paddington, Zone 1 London, London W2 for sale.
The building comprises of 9 x Studios and 3 x 1 Bed apartments over 4 floors, fully rented. This property is well located in Paddington, a short walking distance to the restaurants and fashionable bars along the high street and St Mary's Hospital, Imperial College Health Care Trust.
Transport options include 7 minutes walk to Paddington and Lancaster Gate tube stations, Heathrow Airport Express, Crossrail hub; with convenient access into central London.
7 apartments owned by a Company, substantial savings in Stamp Duty
5 apartments owned by Individual owners.
An additional apartment might be constructed, subject to planning permission
Current Total Floor area of approx. 4,500 sqft Buildup apartments: 3,465 sqft
Service charges: Approx £20,00pa
5.5% Gross Rental Yield (Long term tenants)
Summary
Gloucester Terrace, London W212
Apartments-9 x Studios, 3 x 1 beds apartments
Building area approx. 4,500 sqft
Builtup Apartments:3,465sqft
Superb Paddington, prime London Zone 1 location
81 Years Leasehold remaining, Leasehold Extension in discussion
5.5% GrossRentalYield
Asking £4,100,000
The building comprises of 9 x Studios and 3 x 1 Bed apartments over 4 floors, fully rented. This property is well located in Paddington, a short walking distance to the restaurants and fashionable bars along the high street and St Mary's Hospital, Imperial College Health Care Trust.
Transport options include 7 minutes walk to Paddington and Lancaster Gate tube stations, Heathrow Airport Express, Crossrail hub; with convenient access into central London.
7 apartments owned by a Company, substantial savings in Stamp Duty
5 apartments owned by Individual owners.
An additional apartment might be constructed, subject to planning permission
Current Total Floor area of approx. 4,500 sqft Buildup apartments: 3,465 sqft
Service charges: Approx £20,00pa
5.5% Gross Rental Yield (Long term tenants)
Summary
Gloucester Terrace, London W212
Apartments-9 x Studios, 3 x 1 beds apartments
Building area approx. 4,500 sqft
Builtup Apartments:3,465sqft
Superb Paddington, prime London Zone 1 location
81 Years Leasehold remaining, Leasehold Extension in discussion
5.5% GrossRentalYield
Asking £4,100,000
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Monthly repayment
£20,510 per month
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More information
Tenure
Leasehold (81 years)
Service charge
£20,000 per year
Council tax band
Ground rent
£0
Ground rent date of next review
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