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Price £3,200,000
Postcode See on google map
Type of ad Individual Offer
Type of property House
# of bedrooms 10+
Description

A very handsome-looking building from the Victorian era within the heart of Earl's Court has come available for sale after the owners decided to sell. The building is currently producing in the region of £135K annually, and its current use is HMO. The current condition of the building needs updating. Hence, it provides potentials for the forthcoming investor to add value and increase rental value from tenants who are paying less than what the flats could let.

The good news is that the property benefits from planning permission to convert the building to create ten self-contained flats. The total square footage comes to a total of approximately 4000 sq ft.

There are many options with this investment for the investors for either keeping the building as HMO and doing modernization to increase the income, add value to the building, or even better use the planning permission to convert the building into ten flats.

The building is for sale for £3.2m

Freehold

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

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