Investment Properties: 6 Portobello Road Notting Hill, London W11 3DG

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6 Portobello Road Notting Hill, London W11 3DG

Offers of £2,500,000 subject to contract

  • Prime Notting Hill location on one of the world’s most famous roads.
  • Within a short walking distance of Notting Hill Gate (Central and Circle & District) and Ladbroke Grove (Hammersmith & City and Circle) Underground stations.
  • A mid-terrace townhouse arranged over lower ground, ground and two upper floors.
  • Total GIA – 1,620 sq ft.
  • The building benefits from C1 (Hotel) use and operates as 5 serviced apartments – each accommodating 2 to 4 guests.
  • The building is let on a 5-year lease from December 2017 at a passing rent of 105,000 pa. This lease benefits from a mutual break at year 3.
  • Operating income from the current operatoris in excess of £160,000 pa and could achieve inexcess of £200,000 depending on the efficiency of operations.
  • We are instructed to seek offers in excess of £2,500,000 (Two million and five hundred thousand pounds), subject to contract.
  • Vacant Possession could be achievable subject to negotiations.