Studio apartment for saleGloucester Terrace, London, W2
- Long lease - 125 years
- Low service charge
- Full refurbishment required
- Period building
- Westbourne Park
Studio apartment for sale situated on the lower ground floor of a period building on Gloucester Terrace in the heart of Paddington and only a short distance from Hyde Park. 394 square feet - refurbishment opportunity.
CrossRail under 10 minutes.
Rent £1300pcm after refurb
Gross Rental return = 5.8%
Findproperly.co.uk lists area growth 14%-22%
Great transport links and easy access to London's West End. 125 years left on the lease, £10 per annum ground rent. Circa £500 p.a service charge. Note there is a £50k major works cost billed to this flat over the next 5 years.
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