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- A rare opportunity to acquire a prime residential investment located in the heart of Pimlico (Zone 1).
- Ideally situated 0.1 miles from Pimlico Station (Victoria Line).
- The property is a Grade II listed mid-terraced stucco fronted building arranged over lower ground to fifth floor.
- Comprising 17 x self-contained studios and a 2 bedroom flat.
- GIA of 5,041 sq ft and NIA of 3,837 sq ft.
- The property is currently producing a passing rent of £244,228 per annum with 7 units currently vacant.
- The 2 bedroom flat on the lower ground floor is occupied by a regulated tenant.
- We have been advised that the Estimated Rental Value in the current condition is in the region of £425,000 per annum.
- The properties represent an opportunity to significantly improve returns through active asset management. Once the apartments are fully refurbished the ERV is likely to be in the region of £475,000 per annum.
- First time on the market in 24 years.
- Freehold.
- Guide Price - £5,300,000 subject to contract.
