A rare and unique opportunity to purchase two stunning Victorian buildings located in a prestigious, prime location in the heart of Kensington, Central London.

• The asset is 0.2 miles from High Street Kensington Underground Station, 0.5 miles from Earl’s Court Underground Station, and 0.7 miles from Gloucester Road Underground Station.

• Located on a highly attractive, quiet residential street with the advantage of being a short walk from excellent amenities, shops, and restaurants of Kensington High Street, and within close
proximity to both Holland Park and Hyde Park - making it an ideal rental investment.

• The buildings are currently arranged as 29 units; a 2-bedroom garden flat and 28 studio flats, a mixture of 12 self and 16 non-self contained accommodation.

• The 2 bedroom lower ground garden flat doesn’t form part of the HMO, and measures 80 sq m / 861 sq ft NIA.

• The buildings are let, predominantly on Assured Shorthold tenancies, producing an income currently of £400,567.92 per annum.

• Both buildings benefit from an HMO license.

• The buildings have potential to significantly enhance the rental income through refurbishment and asset management.

• The estimated rental value once the accommodation is upgraded will be in the region of £570,000+ per annum.

The financials:
▪ Purchase price: £7,000,000
▪ GDV: £8,000,000
▪ Annual profit: £20,911
▪ ROCE: 23%
▪ Yield: 5%

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.