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1 Platt's Lane, Hampstead NW3 7NP

Residential Investment Opportunity First Time on the Market in 20 Years
For sale
  • Rare opportunity to acquire an income producing residential investment in one of London’s premier postcodes.
  • The property is located in a highly sought after area, equidistant to Hampstead,
  • West Hampstead, Golders Green and Cricklewood Stations.
  • Arranged as a block of 20 self-contained flats and benefits from a certificate of lawfulness for the current configuration:

14 studios

4 x 1 bed

2 x 2 bed

  • 5,725 sq ft (GIA).
  • A number of the existing tenancies are historic, therefore the current passing rent of £301,605 pa is reversionary.
  • Open Market Estimated Rental Value is approximately £405,000 pa.
  • The ERV equivalent to the new LHA rates equates to £361,880 pa.
  • The building offers refurbishment potential to enhance the rental income.
  • Potential to enlarge the existing footprint of the building by adding additional stories and massing, subject to obtaining the necessary consents.
  • First time on the market in 20 years.
  • Freehold.

Guide Price – Offers in Excess of £3,500,000 (Three Million Five Hundred Thousand Pounds) subject to contract. This reflects a gross yield of 8.6%, reversionary to 10.30% off the LHA rates and 11.6% off the open market ERV.

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