Sale Place, London W2

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£8,400,000

Mixed use investment
Block of 11 self contained luxury studio flats
Appx. 4.5% yield
£375,000 per annum let producing
Freehold tenure
Block of serviced apartments / Apart Hotel / Apartment Hotel
Investor acquisition opportunity
gia approx. 6692 square feet
gia approx. 622 square metres
Mixed use
Disabled features
Double glazing
Porter/security
Rural/secluded
Wood floors
Lift

Property description

Brand newly refurbished and recently opened in September 2016. Mixed use residential development consisting of a block of 11 luxury serviced apartments.
Designed in modern and contemporary design concept each with its own unique theme and decor. The building (gia approx. 6692 sq ft) consisting of a large passenger lift with an ambient music system installed, a bar on the basement level and a restaurant on the ground floor, conference facilities with separate 11 studio flats. The highest quality materials and finishes have been used with great attention to detail in the design and construction. The block is fully equipped of 11 independent luxury studio flats in a very central part of Paddington close to the Paddington and Edware Road stations and all amenities.
Currently let producing £375,000 pa.
£250,000 for the Studio flats from the September 2017 to the September 2020 and the Restaurant & Cocktail Bar rented for £125,000 per annum from 15th of August 2016 to 2nd of august 2019.

Investor opportunity
residential investment
block of flats
block of apartments
apartment block
yield 4.5%
freehold

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