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- Unbroken freehold block of 12 residential units in a Prime Central London
- Close to London Euston Station and other central landmarks including Regents Park and Madame Tussauds
- Arranged as 12 highly specified apartments as follows: 3 x 1 bed, 5 x 2 bed, 4 x 3 bed
- Total Net Saleable of 8370 ft2
- There is a lift in the building as well as a rear service yard
- Further redevelopment potential Subject to Planning
- Currently occupied by Anglo Educational Services Ltd on a 10 year lease from September 2010 – thus having approximately 4.83 years remaining
- Current Income - £289,000pa with fixed yearly increases for the remaining term of the lease
- Offers In Excess of £8,000,000 which equates to a capital value of £955/ft2 and a NIY of 3.43% after assuming purchasers costs of 5.3% (3.5% SDLT approx. under new guidelines and 1.8% to include professional fees and associated costs)
- Over the next four years with the stepped increases, a buyer will benefit from the following yield profile:2016 – 3.49%, 2017 – 3.55%, 2018 – 3.61%, 2019 – 3.67%
