House For Sale £5,500,000
*A Fabulous Investment Opportunity to purchase this Freehold Residential Corner Plot opposite the Royal Botanical Gardens in Kew*
Constructed around the 1890's with a three story side extension which was added in 1992, the building has been converted to provide fourteen self-contained flats within a circa 6515 ft 2 GI building, each having its own parking space.
The flats are all currently tenanted on assured shorthold tenancies for one year with a two month break clause after six months. The rent is paid monthly in advance and the deposits have been placed in an approved deposit holding scheme. The property is currently yielding £186,180 per annum.
The individual flats mainly use an economy seven electric heating system, apart from three which have new gas central heating. The majority of the flats would benefit from refurbishment in order to maximise rental yield.
Properties of this size and nature are rare in the Kew market place and especially with parking and such close proximity to Kew Village.
There is potential for residential or alternative uses for development subject to all necessary consents.
EPC = provided on request.
Constructed around the 1890's with a three story side extension which was added in 1992, the building has been converted to provide fourteen self-contained flats within a circa 6515 ft 2 GI building, each having its own parking space.
The flats are all currently tenanted on assured shorthold tenancies for one year with a two month break clause after six months. The rent is paid monthly in advance and the deposits have been placed in an approved deposit holding scheme. The property is currently yielding £186,180 per annum.
The individual flats mainly use an economy seven electric heating system, apart from three which have new gas central heating. The majority of the flats would benefit from refurbishment in order to maximise rental yield.
Properties of this size and nature are rare in the Kew market place and especially with parking and such close proximity to Kew Village.
There is potential for residential or alternative uses for development subject to all necessary consents.
EPC = provided on request.
