A RARE RESIDENTIAL INVESTMENT OR BREAK-UP OPPORTUNITY IN PRIME KENSINGTON
A rarely available cross-converted residential investment or break-up opportunity encompassing two stucco-fronted Victorian Freehold terraced houses comprising 14 apartments in Kensington, Lexham Gardens.
> 2 x 1 bedroom Manhattan apartments
> 10 x 2 bedroom apartments
> 2 x 3 bedroom apartments
INVESTMENT OPPORTUNIT Y
> 14 well appointed 1, 2 and 3 bedroom apartments totalling 11,238 sq ft NIA
> Freehold tenure
> An ERV of £13,975 per week or £726,700 per annum in current condition; with a fully modernised ERV of approx £1,090,050 per annum
> GIA of 12,575 sq ft
> Desirable London location within prime
> 80ft double width south facing rear garden
> New passenger lift
> Walking distance to High Street Kensington and Gloucester Road Underground
> The entrance hall and communal hallways have been recently refurbished
> Close proximity to Kensington, Knightsbridge and Chelsea restaurants, shops and bars
> Raised ground and garden floor (apartments 1-4) fully refurbished, with apartments 5-14 in good rental condition and opportunity to fully refurbish
> All apartments qualify for RBK&C parking permits
> Interior designed interiors of modernised flats
> Potential to add balconies to the rear of apartments 5 & 6 subject to planning permission
> Quality full FF&E designer rental package to the latest regulatory standards
Lexham Gardens comprises two cross converted white stuccofronted freehold terraced houses, made up of 14 self-contained apartments. The apartments are arranged over garden, ground and five upper floors, totalling 11,238 sqft. Apartments 1-4 located on the ground and garden floor have been recently refurbished to a high standard. The building benefits from a lift as well as a double width 80ft south facing garden, which is shared by duplex flats 3 and 4, in addition to their own private terraces.
Somerset Court is located within the London Borough of Kensington and Chelsea, and is situated in the affluent residential area of Kensington Village. Kensington is one of the capital’s most prestigious neighbourhoods and offers a slice of tranquility with a plethora of green spaces. One of these is Holland Park, where you will find the beautiful Japanese Kyoto Gardens. This relaxing haven features a waterfall and pond with plenty of large Koi. Within the park, you are also quite likely to spot a peacock or two. The iconic Natural History Museum where you can discover vast amounts of specimens is within easy walking distance. The Museum offers a dynamic and ever-changing programme which is perfect for locals or tourists alike. The restaurant and shopping scenes in Kensington and the surrounding areas of Chelsea, Knightsbridge and Belgravia are synonymous with upmarket elegance. Maggie Jones’s is a popular spot, which has built up a solid reputation for serving up consistently good, traditional food. The Michelin Starred Kitchen W8 is a short walk away from the property, with other delightful options including The Ivy Brasserie and Bill Wyman’s rock-themed American food restaurant, Sticky Fingers.
The property is located within close proximity to High Street Kensington (0.4 miles), the Grade II listed gardens of Holland Park (0.8 miles), and the exclusive retail and business districts of Knightsbridge, Chelsea and South Kensington, all of which are within walking distance. Nearby underground stations include High Street Kensington (0.4 miles), Earl’s Court (0.5 miles) and Gloucester Road (0.5 miles). Earls Court station is only 10 minutes from Paddington station where the arrival of the Elizabeth Line (Crossrail) has transformed cross-London travel. And with the A4 on the doorstep there are excellent transport links in and out of London.