€11,745,000.00 €8,750,000.00

Kensington 8 Apartments

  • For Sale
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Posted: 2 years ago

Property Description

Description

Kensington 8 Apartments For Sale

The Millionaires Circle offer a unique opportunity to purchase 8 newly refurbished, tenanted 1,2 & 3 bedroom apartments located in Garden House, Kensington Gardens Square. The tenure is Virtual Freehold as all 8 apartments benefit from an original term of 999 years. The subject 8 apartments are located on the garden floor of Garden House and hence all have their own dedicated outside space in addition to having direct access to a private garden square.

Based on Kensington prices, the 8 apartments were valued at £11,745,000, which is based on £2,742 per square foot. The 8 apartments are all rented out on ASTs and hence produce £501,111 per annum. The owner reduced the asking price from £11,745,000 to £10,000,000 to reflect a 5% yield, which is guaranteed for 3 years. A proposed offer of £8,750,000 would be made welcome.

You may contact us directly for more details.

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