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Overview Floor Plan EPC
£2,500,000Asking Price

Freehold

  • Shortlist

    • Westbourne Grove Terrace

    , W2

    6 3 4
    Asking Price £2,500,000

    Freehold

  • Shortlist

    • About the property

    HMO BUILDING



    The property is an elegant end of terrace Victorian town house, configured over six floors, converted into five separate apartments which include a two bedroom apartment over the ground and lower ground floors, two studio apartments with a shared bathroom on the first and second floors, and a further two self contained studio apartments on the third and fourth floors. The current HMO licence was granted in July 2024 and is valid for 5 years or until the property is transferred to the new owner. The licence applies only to the first, second, third and fourth floors, comprising four letting units with a total occupancy not exceeding two people per unit.The licence is non-transferable and the new owner will have to re-apply for a licence if they wish to continue letting. The property does require a full refurbishment with potential to convert the second and third floors into self-contained studio flats. The current annual income on the building is £38,736

    Westbourne Grove Terrace is a quiet road superbly positioned just off Westbourne Grove, with its wealth of fabulous boutique shops, cafes, and restaurants all on the doorstep. There is also a large Waitrose just a short distance away as are the wide green open spaces of Hyde Park. The underground is easily accessible at Bayswater as is the Heathrow Express and Elizabeth line from Paddington. The current transformation of the nearby Queensway further adds to the appeal of this opportunity.

    Property Reference: rps_mpa-NOT250037

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