Property Investment Ref: PI01232
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Lancaster Gate, London W2
Off Market, £5 million
A Stucco-fronted substantial property, in the heart of fashionable W2, available as an excellent investment opportunity with scope for development (stpp).
The double-fronted Listed period-building is arranged over 6 floors and currently comprises a one bedroom flat, 15 self-contained studio flats and 6 bedsits; rented on short-term lets.
Now expired previously accepted planning permission (01/09098/LBC) to convert into 8 self-contained luxury apartments.
All fixtures, fittings and furniture: including wardrobes, cabinets, chests of drawers, beds, televisions, and curtains are included. Turnkey investment.
Available freehold and as a SPV.
Appraisal
£5,000,000
This equates to a potential of 5.88% yield
W2 2TZ
We are not retained and would require a fee to be agreed further information is available
on receipt of a Letter of Interest and a signed Fee agreement.