Apartment building, London, United Kingdom

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Apartment building, London, United Kingdom

£5,351,000
£8,918 /m²
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  • Total area
    600 m²
  • Yield
    3.0%
  • Rental rate (m²/month)
    £23.1
  • Built in 
    1721
Details
Property parameters
  • Leasable area: 580 m²
  • Total apartments: 5
  • 5-floor building
Property status
  • Most recent total renovation: 2014

Renovated apartment building in the central area of London.

Description

The historic Georgian building of 600 m² was completely renovated in 2014.

Currently, the property is used as an office building. The owners have now been granted permission to convert the unit into a block of flats with 5 one-bedroom apartments.

There is a garden, a gym and a sauna.

The building is equipped with wooden window shutters, wooden flooring and underfloor heating, original fireplaces.

The plot is in ownership (Freehold).

Financial performance

The expected yield is 3–3.5%.

Transaction costs

Brokerage fee.

VAT.

Location and nearby infrastructure

The property is located in the central historic area of Bloomsbury, a few minutes walk from shops and restaurants, underground stations and bus stops.

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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