STATUS: SOLD
ASKING PRICE: £4,500,000
WELLINGTON ROAD, ST JOHN’S WOOD, NW8
A freehold building with a current GIA of 5327 sq ft and a NIA of c4,515 sq ft comprising 4 x duplex apartments with a current income of c£193,000 pa (each unit is let on an AST). There is a lift that serves all floors to the building as well as off street parking set behind security gates.
The vendor has informed us that there are several offers from “established operators” who would “lease” the building for 3 – 5 years ranging from £230,000 – £270,000 nett per annum.
Furthermore, there is PLANNING PERMISSION IMPLEMENTED & ALL RELATED COSTS i.e. CIL etc “FULLY PAID”, to demolish & build a new block comprising 7 Flats: 1 X 1 Bed, 3 X 2 Bed, 3 X 3 Bed, totalling a GIA of 7,209 sq ft, with a NIA of 6,338 sq ft, with a lift and overground car parking to the front.
CONTACT
DANIEL REUBEN
DIRECTOR
— 020 7118 0844
— INFO@LDNINVESTMENTS.COM
