Block of flats for sale

Gloucester Terrace, London W2

Arcstone Properties is pleased to present a beautiful 12 apartments Leasehold Building in Gloucester Terrace, Paddington, Zone 1 London, London W2 for sale.

The building comprises of 9 x Studios and 3 x 1 Bed apartments over 4 floors, fully rented. This property is well located in Paddington, a short walking distance to the restaurants and fashionable bars along the high street and St Mary's Hospital, Imperial College Health Care Trust.
Transport options include 7 minutes walk to Paddington and Lancaster Gate tube stations, Heathrow Airport Express, Crossrail hub; with convenient access into central London.

7 apartments owned by a Company, substantial savings in Stamp Duty
5 apartments owned by Individual owners.
An additional apartment might be constructed, subject to planning permission
Current Total Floor area of approx. 4,500 sqft Buildup apartments: 3,465 sqft
Service charges: Approx £20,00pa
5.5% Gross Rental Yield (Long term tenants)
Summary
Gloucester Terrace, London W212
Apartments-9 x Studios, 3 x 1 beds apartments
Building area approx. 4,500 sqft
Built up Apartments:3,465sqft
Superb Paddington, prime London Zone 1 location
5.5% Gross Rental Yield
Asking £3,500,000