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42 Pembridge Villas, London, W11 3EG

Lower GroundGround
4

Key features

  • Six studio apartments and one two-bedroom apartment for sale in central Notting Hill
  • Investment opportunity achieving approximately £300,000 per annum with a net return after management costs of approximately £220,000
  • The property has recently been fully refurbished to a high specification
  • Vacant possession is achievable with one months notice
  • Potential to let to a serviced apartment operator on a management agreement
  • Offers invited in excess of £3,500,000 unconditionally reflecting a gross initial yield (GIY) of 6.3%

Description

42 Pembridge Villas is a 4-storey semi-detached Georgian building with a rear garden. The property consists of six studio-style apartments and one two-bedroom apartment.

The two-bedroom apartment is located on the lower ground floor and benefits from a private entrance with an outside terrace space. The ground, first and second floors consist of studio style apartments with two units on each floor. Studio apartments on the ground and first floor also benefit from outside terrace space.

The property has been managed for the last 4 years on a management agreement between the landlord and a serviced apartment operator, managing a short let operation within the bounds of the building's C3 use class. This agreement has seen a multitude of short and longer let tenants over the period. The property generates from between £20,000 - £30,000 per month in revenue depending on the season with the gross rent sitting around £300,000 before management costs.

Brochures

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COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

42 Pembridge Villas, London, W11 3EG

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About GLPG, Marylebone

3 Fitzhardinge Street, London, W1H 6EF

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Disclaimer - Property reference PembridgeVillas. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by GLPG, Marylebone. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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