10 bedroom block of apartments for sale

This well-presented warehouse-style building has been carefully re-designed to provide 7 residential units offering 5 x one-beds, 1 x two beds & 1 x three beds. The building is currently fully let, generating an income of £249,200 per year, giving a Gross yield of 6.23% and is to be sold with the tenants in-situ. There is an opportunity to increase the yield by bringing the rents up to date, giving an Estimated Rental Income of £270,000 (6.75%).

This is an excellent opportunity for an investor looking for a relatively 'hands-off' opportunity with both Income and Capital Growth potential.

Macroom Road makes a popular destination for tenants with a wide variety of green spaces, boutique shops, restaurants and the Paddington Recreation Ground offering a range of facilities including a running track, all-weather sports fields, tennis courts, gyms, and a cricket pitch all a short walk away. There are excellent transport links to Central London with Queen's Park (Bakerloo & Over Ground Lines), Westbourne Park (Circle Line), and Maida Vale (Bakerloo Line) stations close by. Paddington International station is also within easy reach, providing access to the Heathrow Express and Elizabeth Line, linking up East, West and Central London.

NB. Photos as was previously furnished

Quote Reference: 707134