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Cambridge Gardens, Notting Hill, London W10 5UA

FREEHOLD UNBROKEN RESIDENTIAL BLOCK PLUS OFFICE SPACE WITH REDEVELOPMENT POTENTIAL
For sale
  • Ideally located within 0.1 miles (3 minute walk) of Ladbroke Grove Underground Station (Hammersmith & City and Circle Line) and immediately adjacent to the world famous Portobello Market and Ladbroke Grove shopping destinations.
  • A mid terrace building arranged over lower ground, ground and three upper floors.
  • Comprising five x one bedroom flats with a total NIA of 2,054 sq ft.
  • Additional communal space, garden and offices bring the GIA of the building to 2,967 sq ft.
  • The flats are in reasonable decorative order and offer scope for reconfiguration (without the need for planning permission) and extension (STPP) to create five x two bedroom flats, with an indicative NIA of 2,790 sq ft.
  • Most recently used as Social Housing for Special Needs occupiers under the existing S106 agreement.
  • Gross ERV is circa £114,000 per annum.
  • Vacant Possession.
  • Freehold.
  • We are instructed to seek offers in excess of £2,000,000 (Two Million Pounds) subject to contract, which equates to a low capital value of £674 psf and £400,000 per flat in an area where the average is £1,050 psf.
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