A rare residential investment opportunity with development potential in the centre of Marylebone.
Brought to the market for the first time ever, The Portman Estate are offering a long leasehold opportunity in the centre of Marylebone. •
A long leasehold interest (999 years) in Marylebone sold by The Portman Estate •
The building comprises five apartments in total. 1 x studio apartment, 3 x one bedroom apartments and 1 x two bedroom apartment •
GIA of 3,866 sq ft and NSA of 2,914 sq ft •
Four of the five apartments are currently let producing an income of £82,784 per annum •
When fully let the Estimated Rental Price is c.£138,000 •
The building offers an incoming investor the opportunity to run a comprehensive refurbishment programme •
Asset management opportunity through the letting of the vacant as well as a comprehensive rent review We are seeking offers in excess of £3,500,000 reflecting an attractive price psf of £1,201 for the Marylebone Area.
Marylebone is a chic residential hotspot situated in prime Central London. As the ultimate urban village famous for its restaurants and retail, Marylebone is a popular destination which offers a peaceful escape from the hustle and bustle of Central London. Due to its prominent location, Marylebone is exceptionally well connected with several major train stations, tube lines and bus routes within easy reach, making it easy to travel both within London and beyond. Bordering Oxford Street to the south and Regent's Park to the north, Marylebone residents have everything at their fingertips. Regent's Park is the largest grass area for sports in Central London and offers a wide variety of activities including beautiful gardens, the London Zoo, a boating lake and even an Open-Air Theatre. Other Royal Parks including Hyde Park, Green Park and St James' Park are also in close proximity to Marylebone.20 Manchester Street is located in the West End with excellent transport links to the city and wider London. The property has a high Public Transport Accessibility Level (PTAL) rating of 6b, the best rating achievable. The property is located just 0.4 miles from Baker Street Station and 0.5 miles from Bond Street Station.Bond Street Station will be a key interchange for the new Elizabeth Line, which is estimated to increase capacity across London's total railway network by 10%, providing up to 30 trains per hour in each direction.