Guide Price: £13,000,000
UNITS: 3 retail units and 3 maisonette houses
BEDROOMS: 9 in total (3 per maisonette)
BATHROOMS: 9 in total (3 per maisonette)
SIZE (residential): 3,691 sq ft / 344 sq m in total (1,276, 1,039 and 1,376 sq ft). Retail: ask agent
TENURE: Freehold
GROSS INCOME: £700,000 pa (retail £310,000 + residential £390,000)
FEATURES: Newly renovated, air conditioning, south-facing private gardens, private entrances, cinema room (No. 311)
STAMP DUTY: Commercial rate applies (circa 5%)
POTENTIAL: Scope to extend, subject to the usual consents
Property Details Title
A rare chance to acquire three self-contained freehold buildings on one of Notting Hill’s most sought-after streets, moments from Hyde Park and Holland Park. Each building has a retail unit across the ground and lower ground floors. Above sits a newly renovated maisonette house with three bedrooms, three bathrooms, air conditioning and its own private entrance. The three homes each have their own character. The Corner Terraced Maisonette has a south-facing hidden garden. The Premium Terraced Maisonette is laid out over three floors. The Cinema Maisonette has a dedicated cinema room. Together the buildings produce a gross income of £700,000 a year, split between £310,000 in retail rent and £390,000 in residential rent. There is also scope to extend, subject to the usual consents. The sale is suited to an investor looking for secure income in prime W11, or a buyer wanting a flagship Notting Hill holding.
Amenities:
Three self-contained freehold buildings
Three retail units across the ground and lower ground floors
Three newly renovated maisonette houses
Three bedrooms and three bathrooms in each maisonette
South-facing private “hidden” gardens
Private entrances to each maisonette
Air conditioning throughout the maisonettes
Dedicated cinema room (The Cinema Maisonette, No. 311)
High ceilings, up to 3m on the first floor
£700,000 pa gross income (estimated)
Scope to extend, subject to the usual consents
Commercial rate of stamp duty (circa 5%)
About 5 minutes from Hyde Park and Holland Park