We are delighted to introduce this unique investment opportunity, perfectly located in the heart of one of London's most desirable locations, Abbey Road just 5 minutes from St Johns Wood station, Lords Cricket Ground and Regents Park.
Less than 5 minutes from the bars and restaurants of St John’s Wood, this apartment is well situated for access to all the business centres of the capital. As a result of the apartments highly desirable location, there is huge demand for period style properties throughout the area, and such as this apartment offers the opportunity for not only robust rental yields, but also strong capital appreciation.
This spacious three bedroom apartment is in need of cosmetic renovation, allowing for the new owners to add significant value to the property. The apartment itself consists of two spacious double bedrooms, and one single bedroom, catering for either a young family or young professionals. The large, open plan lounge/dining area utilises well the height of the building, offering stunning views over St Johns Wood and across North London beyond. The apartment also benefits from a well sized family bathroom, additional toilet and is serviced by a recently refurbished lift.
Flat 22 - £1,200,000
Needs cosmetic refurbishment
Rental Opportunity: £3,750 - £5,633 per month
Rental Opportunity: £45,000 - £67,596 per annum
Tenure: 999 years from September 2017
Service Charge: £5,216.00 per annum
Ground Rent: Peppercorn
For investors interested in further development, the adjacent flat is also for sale offering the potential to be the sole property on the top floor.
In addition the freeholder is willing to enter into negotiations to sell the roof space either in part or in full which subject to local authority planning permission could offer yet further additional development opportunity. The plans have already been approved by the freeholder and are available on request.
Our partner in the heart of the city will be able to provide all of the property rental and management services needed once the property has been purchased if required.
Contact us today for further details and to view this property.
Call us on +44 (0) 161 337 3890 or contact us using the form below to arrange your free no obligation property consultation.