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Price £3,300,000
Postcode See on google map
Type of ad Individual Offer
Type of property House
# of bedrooms 10+
Description

A magnificent building within walking distance to Hyde park produces an excellent rental income in the region of £140K per annum. The property's current use is HMO.

However, the owners have spoken with the council at the planning officer and performed the pre-applications. The response for the converting of the building into flats has been positive.

The total square footage of internal areas for conversion into eight flats will be approximately 4000 sq ft. The building stands on the ground, first, second, third, and fourth floor. Currently, there is a small lift. And the property offers potentials for a variety of use, including a hotel and apartments, apartment services, and or improving the conditions to increasing rent and continuing the use as HMO.

For more information on rental income-producing real estate, contact: 07761-194240

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