Weymouth Street, W1W

ASKING PRICE

£6,000,000

1 bedrooms — 1 Bathrooms

REF: DIR240008

A portfolio of eight long leasehold apartments in a prime Marylebone location.

* Portfolio of eight long leasehold apartments expiring 1st June 2134
* Four x 1 beds
* Four x 2 beds
* GIA of apartments 5,387 sq ft (500 sq m)
* Five of the apartments benefit from private outside space
* The apartments have been consistently let since construction
* Total Current Rent Reserved: £407,160 per annum
* Highly attractive and well-managed building
* The eight apartments were additions to the original building in 2009 and designed by MAKE Architects
* Benefiting from excellent transport connections
* Excellent EPC rating: C

Offers sought in excess of £6,000,000 for the long leasehold interest, subject to existing tenancies and subject to contract.

An acquisition at this level would reflect a gross yield of 6.78% and an attractive capital value of £1,114 sq. ft (GIA).

The apartments are held on a commercial lease and therefore subject to non-residential SDLT at a rate of 5%.

N.B. Internal photos from original 2009 marketing brochure.