For SaleProperty in 184, 186 & 188 North Gower Street, London, NW1£5,425,000
Property Type
Property
Tenure
Freehold
Price
£5,425,000
Description
Rare Freehold Residential Investment Opportunity in Euston
The building comprises 9 units, measuring approximately 6,248 sq ft NSA
There are 3 x one bedroom units and 6 x two bedroom units arranged over lower ground, ground and two upper floors
The building is 88% occupied with one unit vacant
The property offers fantastic revisionary potential, with Estimated Rental Pricing (ERP) of c. £340,000 per annum
Benefiting from brilliant transport links with the best PTAL rating of 6b
The buildings are Grade II Listed but are not in a Conservation Area
The freehold title is for sale by private treaty via informal tender
The apartments are let on AST’s with 5 of the units benefiting from additional HMO licensing
Guiding £5,425,000, reflecting a 6.27% GRY (based on the ERP) blending at an attractive £868 per sq ft