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16 bedroom block of apartments for sale
Doughty Street, London, WC1N
£6,000,000
Doughty Street, London, WC1N
£6,000,000
Our Summary
- PRIME CENTRAL LONDON INVESTMENT OPPORTUNITY
- The lower ground floor studio flats provide the opportunity to re-configure to add extra bedrooms Conversion of the existing office into a self-contained flat Refurbishment of the flats to enhance rental income and capital values Potential to convert back into houses Potential to implement a further extension to the rear Asset Management opportunities subject to all necessary consents
Description
This prime central London investment opportunity has been in the same family ownership for over 50 years. The property, dating back to the early 1820s, comprises two Georgian period buildings with 14 flats, including studios, one, two, and three-bedroom units, as well as a self-contained office. The flats benefit from outdoor space and are located in the Bloomsbury Conservation Area, within the London Borough of Camden. The property is in a highly sought-after residential destination, with local amenities, educational institutions, and green spaces nearby. The property offers various asset management opportunities to add value, including reconfiguring studio flats, converting the office into a flat, and refurbishing the property to enhance rental income and capital values. The current rent passing is £247,188 per annum, with an estimated rental value of £367,800 per annum.