85 Lexham Gardens, London W8
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
The Property provides a rare unbroken freehold investment opportunity, comprising seven 2-bedroom apartments measuring 5,444 sq ft NSA and 6,554 sq ft GIA. Arranged over lower ground, ground and five upper floors withe the benefit of a lift. Three of the units benefit from outdoor space, with the first floor flat enjoying a private terrace, while the lower ground and ground floor units have access to a communal garden. Four apartments are currently let, producing a passing rent of £201,536 per annum, while the remaining vacant units present an opportunity to enhance income. The asset offers strong reversionary potential, with an estimated fully occupied rental income of approximately £336,200 per annum. Situated within one of Prime Central London's most established residential markets, Kensington benefits from strong and enduring demand from both domestic and international occupiers. The area has outperformed the wider Prime Central London market, recording average annual rental growth of 11.2% over the last five years. Looking ahead, the rental outlook remains positive, with Prime Central London rents forecast to increase by 16.5% over the next five years, supported by ongoing supply and demand imbalance.
Lexham Gardens is located in Kensington, one of London’s most prestigious and internationally recognised residential districts, characterised by elegant period architecture, garden squares and some of the capital’s most sought-after housing. Situated within the Royal Borough of Kensington & Chelsea, the Property occupies a prime position between Gloucester Road to the east and Kensington High Street to the north.
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85 Lexham Gardens - More Details- 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.
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- 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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Visit our security centre to find out moreDisclaimer - Property reference HUB2649930. 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 Knight Frank- Residential Investment, 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.
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