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8 bed flat
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Our Summary
- 25% if the additional 2 bed room flat is developed - STPP
- Potential to add further value to the asset - lapsed planning for an additional 2 bed flat
- This is an ideal opportunity to secure a freehold residential investment asset with further development potential in a thriving West London location
- The asset also benefits from additional development potential, with previously approved planning under reference 215916FUL for a new two-bedroom apartment
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Description
The property is a four-storey warehouse-style building in West Ealing, converted into four two-bedroom self-contained apartments, each with air conditioning. The building has been fully renovated to a high standard approximately three years ago. The asset benefits from additional development potential, including previously approved planning consent for a new two-bedroom apartment, although this has now lapsed.
The property is arranged over four floors, including the ground floor and three upper floors, and has a current income of £95,940 per annum from the four ASTs.