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Property for sale
184, 186 & 188 North Gower Street, London, NW1
£5,425,000
184, 186 & 188 North Gower Street, London, NW1
£5,425,000
Our Summary
- The building comprises 9 units, measuring approximately 6,248 sq ft NSAThere are 3 x one bedroom units and 6 x two bedroom units arranged over lower ground, ground and two upper floorsThe building is 88% occupied with one unit vacantThe property offers fantastic revisionary potential, with Estimated Rental Pricing (ERP) of c
Description
The property is a Grade II Listed building in Euston, comprising 9 units across 4 floors, with 3 one-bedroom and 6 two-bedroom apartments. The building is 88% occupied, with one unit vacant, and offers revisionary potential with an Estimated Rental Pricing of £340,000 per annum. The property benefits from excellent transport links, with a PTAL rating of 6b, and is freehold with a guiding price of £5,425,000, reflecting a 6.27% Gross Yield Return. The apartments are let on ASTs, with 5 units licensed for HMO use, and are being sold by private treaty via informal tender.