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28-32 Pembridge Gdns

85 Unit Dormitory $30,796,842 CAD ($362,316 CAD/Unit) London W2 4DX

Investment Highlights

  • Substantial opportunities for refurbishment and/or redevelopment
  • Outstanding transport connectivity
  • Three substantial interconnected Grade II Listed buildings within a prime part of Notting Hill

Executive Summary

The Property consists of 3 large interconnected Georgian villas, most recently in use as student accommodation and laid out over lower ground, ground and three upper floors. The current accommodation is arranged in the form of single and twin rooms over the upper floors, some of which feature en-suite bathrooms and some that share communal bathroom facilities. At lower ground and ground floors, each building comprises either communal kitchen and living space, or staff office accommodation. The rear of the Property is accessed via the lower ground floor and provides a paved patio area for communal use.
The white stucco-fronted Georgian villas are arranged as student accommodation
The NIA extends to 22,008 sq ft and comprises 85 student beds.
The GIA extends to 26,058 sq ft GIA
Guide Price: £17,000,000 (reflecting a low capital value of £652psf)
Unconditional offers are invited for the freehold interest w/ vacant possession
Substantial opportunities for refurbishment and/ or redevelopment STC
CLUED for unrestricted student accommodation (Sui Generis) was granted Sep 2024
Outstanding transport connectivity, being situated 200m from Notting Hill Gate

Attachments

Brochure

Property Facts

Price $30,796,842 CAD
Price Per Unit $362,316 CAD
Sale Type Investment
Tenure Freehold
No. Units 85
Property Type Multifamily
Property Subtype Dormitory
Building Class B
Lot Size 0.25 AC
Building Size 22,008 SF
No. Stories 5
Year Built 1835
  • Listing ID: 33558225

  • Date on Market: 2024-10-18

  • Last Updated:

  • Address: 28-32 Pembridge Gdns, London W2 4DX

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