1 Bed Kensington Property For Sale in London, - Kensington, England

London, - Kensington, England

Find a mortgage £5,200,000

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The property comprises a pair of Victorian terraced buildings with rendered facades, sash windows and mansard roofs completely refurbished in the past ten years. The property is mixed use and has two A2 commercial units on the ground floor and in the basement and nine self contained one bedroom flats over the first to third floors, the building is 7,347 SqFt (NIA_. Both commercial units benefit from their own entrances at ground level. The residential element is accessed via a separate entrance located at the centre of the property.

The commercial units are both of a similar size, the basement areas have good natural light with full length double glazed roofs. One of the commercial units is rented out and the other is vacant, the total income + ERV is £41,125pa. The residential units are all rented with a gross income of £129,256 although it is our belief that all of the units are under-let and the ERV is £185,120.The total ERV equates to £270,195.