Property Overview

This substantial freehold mid-terraced building is arranged as 5 lateral apartments presenting itself as a rare and attractive unbroken investment opportunity in the heart of Notting Hill.

This investment opportunity is set across 5 floors and comprises a Gross Internal Area of c. 3,691 sq.ft. (343 sq.m.) net all of all communal areas. The property is being sold as a single Freehold with the benefit of 5 Assured Shorthold Tenancy agreements generating c. £116,000 per annum. Presenting a current yield of 2.9% the property presents significant asset management opportunities against an estimated current rental value of £132,000 per annum and low capital value of just £1,084 p/sq/ft.Powis Square enjoys a truly enviable location in the heart of one of the most sought-after and attractive Notting Hill locations. Situated in a discreet part of the parade, the apartments boast immediate appeal by way of their close proximity to the ’destination’ arts, entertainment and dining facilities close by. A short stroll from both Westbourne Grove and Portobello Road, you will encounter a wide variety of global brands including Ottolenghi, Joseph, Diana Von Furstenberg and Orlebar Brown alongside destination dining spots such as the Michelin starred ’Ledbury’, Jamie Oliver’s ’Recipease’, and Russell Norman’s ’Polpo’, alongside the Notting Hill Arts Club and The Electric Cinema.The building enjoys excellent transport links situated within walking distance of four major tube stations (Ladbroke Grove, Notting Hill, Bayswater and Royal Oak), providing rapid access to all major London destinations and easy access to Heathrow Airport and beyond.

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Powis Square Notting Hill W11

Sold
£4,000,000
9 Bedrooms
Freehold
1|

This substantial freehold mid-terraced building is arranged as 5 lateral apartments presenting itself as a rare and attractive unbroken investment opportunity in the heart of Notting Hill.

This investment opportunity is set across 5 floors and comprises a Gross Internal Area of c. 3,691 sq.ft. (343 sq.m.) net all of all communal areas. The property is being sold as a single Freehold with the benefit of 5 Assured Shorthold Tenancy agreements generating c. £116,000 per annum. Presenting a current yield of 2.9% the property presents significant asset management opportunities against an estimated current rental value of £132,000 per annum and low capital value of just £1,084 p/sq/ft.Powis Square enjoys a truly enviable location in the heart of one of the most sought-after and attractive Notting Hill locations. Situated in a discreet part of the parade, the apartments boast immediate appeal by way of their close proximity to the ’destination’ arts, entertainment and dining facilities close by. A short stroll from both Westbourne Grove and Portobello Road, you will encounter a wide variety of global brands including Ottolenghi, Joseph, Diana Von Furstenberg and Orlebar Brown alongside destination dining spots such as the Michelin starred ’Ledbury’, Jamie Oliver’s ’Recipease’, and Russell Norman’s ’Polpo’, alongside the Notting Hill Arts Club and The Electric Cinema.The building enjoys excellent transport links situated within walking distance of four major tube stations (Ladbroke Grove, Notting Hill, Bayswater and Royal Oak), providing rapid access to all major London destinations and easy access to Heathrow Airport and beyond.

 

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Bective Leslie Marsh