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New apartment building in the very center of London, UK

£99,065,000
£30,948 /m²
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  • Total area
    3,201 m²
  • Yield
    5.7 %
  • Built in 
    2019
Details
Property parameters
  • Total apartments: 22
  • 8-floor building
Financial performance
  • Annual income: £5,646,691

Elite apartment building with commercial premises in prime locations.

Description

The building was acquired in Sept 2015 with full planning consent to convert the offices to residential and commercial units.

The apartment building includes 21 luxury apartment and a penthouse with a total area of ​​2,537 m²:

  • 4 one-bedroom apartments (from € 1.8 million)
  • 11 two-bedroom apartments (from € 2.6 million)
  • 6 three-bedroom apartments (from € 4.3 million)
  • three-level penthouse with two private terraces

The area of ​​apartments ranges from 39 to 192 m².

All apartments are individually designed combining classic and modern styles. One of the world's leading design bureaus worked on the project. The interior is made of high quality and exclusive materials. All apartments have a built-in kitchen equipped with modern appliances, a bathroom faced with natural stone and marble, air conditioning and underfloor heating in all rooms.

The building includes a 24-hour concierge desk, an exclusive design lobby, a waiting area for guests and two passenger elevators, one of which serves as a private lift to all three-bedroom units and a penthouse.

Also there are 3 commercial units with a total area of ​​664 m² located across ground and basement floors. The commercial units have been let to a restaurant, two smaller commercial units are let to two luxury retailers.

Financial performance

The expected annual income is 6,347,007 €.

The expected yield is 5.7%.

The leading London management companies are interested in further participation in the project.

Location

The property is located in central London, Mayfair area, with the West End, Covent Garden and Berkeley Square moments away. It is located close to all the main attractions of the city (Buckingham Palace, Trafalgar Square, Royal Academy of Arts, National Portrait Gallery, etc.) and stores of famous brands (Chanel, Michael Kors, Louis Vuitton, Gucci, etc. d.). Also, there is a great number of award-winning restaurants within walking distance.

London is the capital and largest city of the United Kingdom of Great Britain and Northern Ireland and the 3rd largest city in Europe. The population of the city is more than 8.6 million people.

London is the main political, economic and cultural center of the United Kingdom.

London belongs to the global cities of the highest rank and the world's leading financial centers. Its economy is 1/5 of the country's one.

The tourism industry employs more than 250 thousand people. Every year tourists leave in London more than 10 billion pounds.

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