Good Saving Investing Property Management

Westbourne Gardens

We’re ready when you are We would be delighted to hear from you to discuss your own property requirements. For a non-obligatory consultation, please contact us. WE COME HIGHLY RECOMMENDED We find exceptional homes that others cannot. We…

Price
£8.4 million
Date Sourced
April 2011
Service
Investing, Property Management
Result
Good Saving

The Brief

An African Investor

The Challenge

Our client had recently sold his business and was looking to invest £20 million into the prime Central London property market. We were tasked with building an investment portfolio for our client.

What We Did

We secured this freehold building with a lift and 8 self contained newly refurbished flats. We also managed to secure a 3 year rental agreement for £450,000 per annum, with no agency fees, resulting in a net yield of 5.3%. The acquisition price of £8.4m is just over £1000 per sq foot. Similar flats were achieving between £1200 - £1400 per sq ft just 2 blocks down, showing good signs for capital appreciation.