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4 bedroom apartment for sale

Evelyn Yard, Fitzrovia, W1T


Property Description

Key features

  • 3 Units
  • 1 x Studio; 1 x 1 bedroom & 1 x 3 bedroom apartment
  • 1665 square feet in total
  • Sitting tenants
  • Immediate income
  • 999 year lease
  • SPV available

Full description

We are delighted to offer this rare opportunity to acquire a building consisting of three apartments; a studio on the first floor; a one-bedroom apartment on the second floor and a three-bedroom apartment on the third floor, just moments from Oxford Street.

All apartments are let to a company, achieving £101,400 pa, giving potential investors an immediate income on their investment along with security in the yield they will achieve. Having rented the building since 2014, the current tenancy (company) has a contract running until 20/11/2020. The agreement incorporates a rental increase of £2,600 each year of the tenancy.

The apartments are held on a 999year lease at a peppercorn rent in a Special Purpose Vehicle and are available either through the purchase of the long lease or by way of a sale of 100% of the shares in the SPV.

All apartments have modern interiors and a contemporary feel, with wooden floors throughout, modern bathrooms and original sash windows. They are immaculately presented and well laid out and have proven to be very successful on the rental market.

Evelyn Yard is a short walk from Soho Square and Charlotte Street, close to world renowned shopping on Oxford Street and the vibrant delights of Soho and Covent Garden. Boasting excellent transport links and set within an area which is a key beneficiary from the Crossrail service, coming in 2018, this is an ideal central London investment.

More information from this agent

Listing History

Added on Rightmove:
20 November 2017

Map & Street View

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