Guide price
£4,250,000
(£1,389.34/sq. ft)
Block of flats for salePembridge Gardens, London W2
3,059 sq. ft
About this property
A rare opportunity to acquire a stunning, detached, white stucco fronted building, located on one of Notting Hill’s premier streets, Pembridge Gardens.
Perfectly positioned residential investment situated just 400 feet (2-minute walk) from Notting Hill Station (Central Line).
The building comprises twelve apartments, of which four have been sold off on long leases (97 years remaining), with a ground rent of £125 payable per flat.
Seven of the flats have recently been refurbished to a very high standard and are leased to Ltd, who are a highly reputable serviced apartment operator.
Ltd offer undoubted covenant strength scoring (A)71 with Creditsafe, and are considered ‘Very Low Risk’, their latest accounts (ye 2025) report shareholders funds in the region of £2,150,000.
Their lease is on a iri basis, for a term of 15 years from August 2025, the rent is £239,000 per annum and benefits from annual cpi rent reviews, with a cap and collar of 1% and 3%.
Tenants obligations include but are not limited to; the maintenance, repair, redecoration of all the apartments and cleaning of the communal areas.
The remaining unit is let to a regulated tenant paying £14,000 per annum.
Total passing rent is £253,500 per annum.
Accommodation consists of 1 x Studio, 6 x 1 beds, 1 x 2 bed, Net Internal Area - 3,059 sq ft.
Freehold.
Guide Price - £4,250,000 (Four Million Two Hundred and Fifty Thousand Pounds) subject to contract, reflecting a gross yield of 6%.
Perfectly positioned residential investment situated just 400 feet (2-minute walk) from Notting Hill Station (Central Line).
The building comprises twelve apartments, of which four have been sold off on long leases (97 years remaining), with a ground rent of £125 payable per flat.
Seven of the flats have recently been refurbished to a very high standard and are leased to Ltd, who are a highly reputable serviced apartment operator.
Ltd offer undoubted covenant strength scoring (A)71 with Creditsafe, and are considered ‘Very Low Risk’, their latest accounts (ye 2025) report shareholders funds in the region of £2,150,000.
Their lease is on a iri basis, for a term of 15 years from August 2025, the rent is £239,000 per annum and benefits from annual cpi rent reviews, with a cap and collar of 1% and 3%.
Tenants obligations include but are not limited to; the maintenance, repair, redecoration of all the apartments and cleaning of the communal areas.
The remaining unit is let to a regulated tenant paying £14,000 per annum.
Total passing rent is £253,500 per annum.
Accommodation consists of 1 x Studio, 6 x 1 beds, 1 x 2 bed, Net Internal Area - 3,059 sq ft.
Freehold.
Guide Price - £4,250,000 (Four Million Two Hundred and Fifty Thousand Pounds) subject to contract, reflecting a gross yield of 6%.
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£21,260 per month
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