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