Belgrave Road, City Of Westminster, London
Size
3,837 - 5,041
Tenure
Freehold
EPC
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Parking
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- Primary use
- Other
Key features
- Prime Zone 1 Pimlico location
- Active Asset Management
- Once fully refurbished ERV in the region of £475,000 pa
- Residential Investment
Description
Ideally situated 0.1 miles from Pimlico Station (Victoria Line).
The property is a Grade II listed mid-terraced stucco fronted building arranged over lower ground to fifth floor.
Comprising 17 x self-contained studios and a 2 bedroom flat.
GIA of 5,041 sq ft and NIA of 3,837 sq ft.
The property is currently producing a passing rent of £244,228 per annum with 7 units currently vacant.
The 2 bedroom flat on the lower ground floor is occupied by a regulated tenant.
We have been advised that the Estimated Rental Value in the current condition is in the region of £425,000 per annum.
The properties represent an opportunity to significantly improve returns through active asset management. Once the apartments are fully refurbished the ERV is likely to be in the region of £475,000 per annum.
First time on the market in 24 years.
Freehold.
Guide Price - £5,300,000 subject to contract.
- Service charge
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- Business rates
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- Use class
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- Listed building
- No
- Floors in building
- 6
- Business for sale
- No
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Belgrave Road, City Of Westminster, London
About ESTATE OFFICE INVESTMENTS LIMITED, London
A London based boutique property consultancy with a global track record. We are investment and development land specialists, primarily selling land and buildings with and without planning permission, with a focus on residential blocks and commercial investment opportunities in retail, leisure and office space. We also act on behalf of clients on residential and commercial acquisitions.
Established in 1983 with exceptional combined experience, our dynamic team of fourteen work tirelessly to deliver the best possible outcomes for our clients. Entrepreneurial in style with the success which comes with several decades of service, our clients see Estate Office as their long-standing agency of choice
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Disclaimer - Property reference BelgraveRoad. 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 ESTATE OFFICE INVESTMENTS LIMITED, London. 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.