+44 20 3608 1267
The building in London with residential and commercial space with a 4,8% yield

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The building in London with residential and commercial space with a 4,8% yield

6,437,000 €
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Total area: 466 m² Yield: 4.8%
  • Absolute return: 368,422 €
  • 3-floor building
  • Total apartments: 2

It is a multi-purpose property with residential and commercial areas in London.

Description

The object is a three-storey building in the exclusive Kensington district.

The house consists of restaurant on the ground floor, two luxury apartments on the first and second floors, office, staff room and a storage room in the basement.

The restaurant was founded by the current owners in 1998 and has developed good reputation among regular customers and tourists as one of the best places in the city with the highest quality service, modern European cuisine and a large wine selection.

The first and second floors are two apartments with high quality finishes and a separate entrance.

Each flat has three bedrooms, two bathrooms, a kitchen and a spacious living room with dining area.

Financial performance

Absolute income is 260,000 £.

The current yield is 4,8%.

Tenants

Basement and first floor are leased since 1998 with the revision of the lease based on the CPI every 5 years.

The apartments are currently rented out on a short term basis in the amount of 250 £ per night.

The profit from renting apartments is 135,000 £ over the last year.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Free advice on real estate in London
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