Investment Considerations

• Impressive six storey Georgian property in NW3, one of London’s most exclusive districts, juxtaposed between Hampstead, Belsize Park and Primrose Hill.
• The building has benefitted from tenant refurbishment at a substantial cost.
• Configured as 162 fully self contained studio units with existing capability for independently metered services.
• Opportunity to secure vacant possession by no later than March 2014.
• Subject to the necessary consents, potential to extend the Property at fourth floor level in addition to infill of the horseshoe shaped wing.
• Freehold ownership.
• Beneficial unrestricted hostel (Sui Generis) planning consent.
• Ability for the premises to be independently occupied under the existing planning consent for uses such as residential or student accommodation, subject to certain requirements.
• Subject to the necessary consents, opportunity to change the planning permission to student accommodation (Sui Generis) or private residential (C3).
• Low capital value equating to £160,500 per unit and £445 per sq ft, a significant discount to surrounding private residential values.