>
Block of apartments for sale
King's Mews, London, WC1
£6,500,000
King's Mews, London, WC1
£6,500,000
Price History
Initial price | £7,000,000 |
18/09/24 | £6,500,000 |
Price Change | -7.14% |
Description
The property is a fully furnished and dressed, freehold building in the West End, offering a rare turn-key investment opportunity. The building, known as Kings Mews, comprises five luxury apartments with 1, 2, and 3 bedrooms, all with dual aspect and contemporary specifications. The property is within walking distance of several major London transport hubs and is close to universities and major institutions. The apartments are designed to maximize revenue through a blend of extended corporate stays, mid-term residential stays, and occasional vacation rentals. The property is held in a new UK-based SPV and has a 7-year lease term with annual uplifts, with the option to break the lease. The net profit is expected to be £300,000 per annum, making it an attractive investment opportunity.