MACKENNAL ST

Property Investment Ref: PI01271

There is little chance of a quick return to a housing boom despite the possibility of UK prices rising over the course of the year, surveyors say.

NEW Mackennal Street NW8

Tenure: Freehold

Viewing: Strictly by appointment through PL2L

Offers In Excess Of: £4,000,000 Subject To Contract

Location

The property is situated on Mackennal Street which is located off Prince Albert Road (A5205).

There are a wide range of shopping facilities, restaurants and bars on St Johns

Wood High Street only a two minute walk away from the property.

St Johns Wood Underground Station (Jubilee Line) is also within walking distance.

Description

A development opportunity for a new build scheme of 2 houses over 6 floors totalling 4336 sq ft & 4444 producing 4 bedrooms each. Demolition of the existing building and erection of a new building comprising basement and five upper floors with balconies, lightwells and roof terraces for use as 2x4 bedroom self-contained dwelling houses.

The Property has been let at a health club from October 2008 for 3 years with a break at

year one paying £85,000 per annum.

No Further Information will be provided until a LOI or POF is Available

3% Finders Fee applies