Cheniston Gardens, Kensington, W8 - Offers In Excess Of £3,750,000

Description

• HMO
• Freehold Block
• 13 Apartments
• Potential to Upgrade

Situated on a highly regarded road in the heart of Kensington, this is a freehold block of flats, registered as an HMO that presents the incoming purchaser with an excellent investment with the opportunity to upgrade and optimise rental income.

FULL DESCRIPTION Situated on a desirable road, close to Kensington High Street, this is a freehold block of flats extending to 3,985 sq ft, divided into 13 residential units and currently licenced as an HMO. There is the opportunity for an incoming purchaser to modernise and upgrade the building therefore improving rental income which currently sits at £141,156 per annum when fully occupied. Cheniston Gardens is a quiet enclave, moments from the vast array of amenities to be found on Kensington High Street. High Street Kensington Underground Station (Circle Line) is 0.2 miles away. The green open spaces of Holland Park and Hyde Park are 0.4 and 0.5 miles away respectively.

HMO LICENCE INFORMATION
The HMO Licence was granted on 29th August 2019. HMOs are popular investment opportunities as they enable investors to enhance yield due to multiple units in one building. Demand for smaller units in Prime Central London has risen significantly due to the changing nature of the employment market. Corporate budgets have been reduced, leading employees to seek small units in central locations. Due to the location of this specific HMO, demand is consistently high and historically low turnover.