Withdrawn - 14 Bedrooms Block of Apartments
£4,000,000 pcm Freehold ( pw) Unfurnished - Fees Apply

Elgin Avenue, Maida Vale, London, W9

This property has been removed by the agent.

It may be temporily removed from the market.

Summary


14 Bedrooms 10 Bathrooms 9 Receptions 279.00 sqm / 3,003 sqft Property ID: 6507
    Shops and amenities nearby

Description


Highlights

  • Freehold Semi Detached block comprising 9 apartments
  • Well-appointed with electric heating
  • Fully tenanted and producing over £150,000 p.a.
  • Reflecting a Gross Initial Yield of 3.75%
  • Huge potential: scope to add additional floor, and to create a two Storey Rear Extension
  • Good commuter links to Maida Vale and Paddington station

Rental Income

  • 3 x studios £3,200 per month (£1,066.67 each flat pcm)
  • 2 x one bedroom £2,600 per month (£1,300 each flat pcm)
  • 3 x two bedrooms £4,500 per month (£1,500 each flat pcm)
  • 1x three bedroom £2,300 per month

Property description

A period development of nine apartments and huge garden offering an excellent residential investment opportunity in the popular area of Maida Vale. . It is arranged over 4 floors extending to approximately 3000 sq ft GIA, 3475 sq ft including the garden space area. Located within easy walking distance of the High Street and other amenities, the property is fully tenanted and producing a gross annual income of £150,000

Location

The building is centrally located with excellent transportation links with Maida Vale station (Bakerloo lone) circa 800m away and Westbourne Park Station (Circle and Hammersmith and City Line) being within 14 minutes walk from the building. Paddington station is 1.1 mile away, Edgware Road 1.3mile away

The property is within easy reach of many of London's top tourist attractions such as Regent’s canal, Little Venice, Lord’s cricket green, Marble Arch, Regent Park and Hyde Park. The building also lies within close proximity to Oxford Street as well as the popular and fashionable shopping destinations in Notting Hill, including Westbourne Grove and Portobello Market. There is also a wealth of nearby museums and other attraction

Planning and Development

Subject to planning and consent, scope to add a floor on top and to create a two Storey Rear Extension


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