House for sale in London, United Kingdom
Leinster Gardens consists of a block 16 leasehold flats, currently operating under a mandatory HMO licence.
The property comprises of three 1 bedroom self-contained flats, twelve self-contained studio flats plus one additional studio flat with a shared bathroom.
At the asking price the property has a gross yield of circa 4.8%.
The property is arranged over 6 floors and is available for purchase including the freehold.
****Please note**** Four leasehold flats on the fourth floor (with no lift) have been previously sold off and are not available for purchase during the acquisition of the property. Nor are they displayed on the floor plan. The leases on these four units are all 111 years with a collective service charge and ground rent of circa �3500PA payable to the freeholder.
The property is situated in central Bayswater on a street branching off Hyde Park. Queensway is close by with its variety of shops, bars and restaurant along with Queensway Underground Station (Central Line) and Bayswater underground station (Circle and District Line). Paddington Station is also close by which makes the property convenient for access to Heathrow Airport.