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Stevenson House, 28c The Grove, Isleworth TW7 4JU

UNBROKEN RESIDENTIAL INVESTMENT OPPORTUNITY
For sale

An unbroken residential investment opportunity in the West London suburb of Isleworth.

Isleworth is situated within the London Borough of Hounslow and the property is only 0.4 miles from Isleworth Train Station, offering direct services into London Waterloo in as quick as 36 minutes.

The building was constructed in 2016 and encompasses eight flats with a further studio conversion in the grounds.

The main building is arranged over ground and three upper floors and comprises 4 x 1 bed and 4 x 2 bed flats measuring 5,180 sq ft (NIA).

An external studio in the ground provides a ninth residential unit.

The block produces a total rental income of £135,900 pa.

Many of the residents are historical tenancies and thus with some asset management we believe the ERV should be in the region of £143,000 pa.

Estimated break up value is in the region of £3,200,000.

Freehold.

We are instructed to seek offers in excess of £2,700,000 (Two Million, Seven Hundred Thousand Pounds) subject to contract, equating to a gross yield of 5.03% and a discount to estimated break up value of over 15%.

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