1 Philbeach Gardens, Earls Court, London SW5 9DY

SUMMARY

* Opportunity to acquire an income-producing building comprising 19 apartments.

LOCATION

* The building is located on the corner of Philbeach Gardens in a residential neighbourhood and is approximately a 1-minute walk from Earls Court Underground Station with regular Circle & District and Piccadilly line service.

DESCRIPTION

* The building is arranged across 4 stories comprising 19 apartments (Class C3) (18 x Studio, 1 x 1 Bed) extending to approximately 2,656 sqft (NIA).

* The building extends to approximately 3,837 sqft (GIA).

* The building is currently let on ASTs for 9 months, and throughout the remaining 3 months, the property operates holiday/short let (booking.com, Airbnb, etc.)

* Currently, there are 18 rooms to let; unit 19 is used as an office.

* The property is currently generating £423,780 per annum.

* There's a clear projected increase in revenue for 2025/26 £472,590 per annum (+11.5%) and a more modest increase in 2026/27 £480,090 per annum (+1.6%). This reflects the impact of recent upgrades and rebranding (KENSINGTON STAY) efforts.

* There is an initial lease offer from an established, reputable serviced apartments operator for a 5-year lease generating £390,000 per annum.

* The company has a Creditsafe score of 77, which places it in the "Very Low Risk" category and an international credit rating of A.



TERMS

* The property is available freehold.

* Offers in excess of £6,000,000