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.
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