3-5 Westbourne Gardens, Bayswater, W2 5NR - A rare grand stucco fronted period freehold investment opportunity - Black Brick
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3-5 Westbourne Gardens, Bayswater, W2 5NR A rare grand stucco fronted period freehold investment opportunity Asking Price £11,000,000
3-5 Westbourne Gardens, Bayswater, W2 5NR Investment Summary Location & Transport Gallery Floorplans Accommodation Schedule Investment Summary Services & Legal – An attractive period residential investment block – The property benefits from an internal lift to all floors Contact Us comprising 8 self-contained residential apartments – Excellent transport links, with Royal Oak, Queensway, – The asset comprises of 4 x 3 bedroom, 4 x two bedroom Bayswater and Paddington all within a 0.5 mile radius. across lower ground, ground and 4 upper floors – Total passing rent of £266,135.84 – The property comprises 7,651 sq. ft / 711.41 sq. m of residential accommodation (GIA of the residential – Freehold flats combined, excluding common parts) – Property is owned in an SPV as a single asset. – GIA of the entire building is circa 9000 sq. ft / 836 sq. m *Due to Covid, rent reductions have been agreed with some of the tenants. The rental income without discounts should be £287,299 per annum. Opportunity to enhance rents further through refurbishment.
3-5 Westbourne Gardens, Bayswater, W2 5NR Investment Summary Location & Transport Gallery Floorplans Map data © Google Accommodation Schedule Location Services & Legal The Property is located in Bayswater, in west London. the north, Bayswater (District & Circle Lines) and Queensway Contact Us Bayswater falls within the administrative boundaries of (Central Line), both provide access to Zone 1 underground the City of Westminster and borders Notting Hill to connections and are accessible within approximately 0.5 the west, Paddington to the east, the A40 (Westway) miles to the south. The nearest mainline rail station is to the north and Queensway to the south. approximately 0.5 miles to the east, at Paddington, providing access to Hammersmith & City, District & Circle Line Local road connections are good, with good vehicular access Underground services as well as comprehensive mainline available to the wider Greater London area and the national rail services to the West Country and the Midlands. There motorway network. A principal east-west vehicular route across is also a comprehensive bus network connecting the local the capital is provided by the A40 (Westway), which becomes area with most neighbouring districts of central London. Euston Road (A501) to the west and merges with the M40 to the west. This is accessible within approximately 0.25 miles of Bayswater is currently benefitting from significant investment the property. North to south routes in the vicinity include the and regeneration, including the £1 billion re-development of A5 (Edgware Road), which provides access to the wider West Whitley’s shopping centre by Foster and Partners, into The End as well as the M1 to its northern most extension, and is Whitley London, a new luxury residential and retail development accessible within circa 1 mile to the east of the Property. and the UK’s first Six Senses Hotel and Spa, and Park Modern, a new luxury development of 54 apartments by Fenton Whelan The nearest underground stations are Royal Oak (Hammersmith where prices being achieved range between £3000 and £5000 & City Line, Zone 2), which is approximately 250 yards to per sq. foot. Paddington is also on the new Crossrail line.
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A40 (Westway) Leading to A501 (Euston Road) and M40 3-5 Westbourne Gardens, Bayswater, W2 5NR Royal Oak Station Hammersmith & City Line, Zone 2 Investment Summary Paddington Station Hammersmith & City, District The Property & Circle Underground Lines Location & 3-5 Westbourne Gardens, and mainline rail services to Transport Bayswater, W2 5NR the West Country and the Midlands. Paddington is also on the new Crossrail line. Gallery Floorplans Accommodation Schedule Services & Legal A5 (Edgware Road Approx. 1 mile from property. Contact Us Provides access to West End and M1 The Whitley London £1 billion re-development of Whitley’s shopping centre by Foster and Partners, into The Whitley London, a new luxury residential and Airports retail development and the UK’s first Heathrow Airport Six Senses Hotel and Spa. 35mins drive Gatwick Airport 1hr 14mins drive London City Airport 49mins drive Bayswater Station Queensway Station District & Circle Line, Zone 1 Central Line, Zone 1
3-5 Westbourne Gardens, Bayswater, W2 5NR Investment Summary Location & Transport Gallery Floorplans Accommodation Schedule Services & Legal Contact Us
3-5 Westbourne Gardens, Bayswater, W2 5NR Investment Summary Location & Transport Gallery Floorplans Accommodation Schedule Services & Legal Contact Us
3-5 Westbourne Gardens, Bayswater, W2 5NR Garden Garden Investment Summary Bedroom 3 Bedroom 2 Bedroom 3 Bedroom 2 Location & Transport Gallery Floorplans Hall Accommodation Schedule Services & Legal Store Hall Contact Us Bedroom 1 Bedroom 1 Refuse Refuse Recycling Flat 3 Flat 5a Lower Floor Lower Floor Lower Ground Two x 3 Bedroom Split-Level Flats Floorplan undertaken by Robert Savage & Associates in 2007 and may not accurately represent the current layout.
3-5 Westbourne Gardens, Bayswater, W2 5NR Garden Below Garden Below Investment Summary Flat Roof Kitchen / Kitchen / Flat Roof Location & Transport Below Breakfast Breakfast Below Room Room Gallery Floorplans Dining Area Dining Area Accommodation Schedule Services & Legal Lift 5a Hall Contact Us Hall Living Room Living Room 3 Refuse Refuse Refuse Flat 3 Flat 5a Upper Floor Upper Floor Ground Floor Two x 3 Bedroom Split-Level Flats Floorplan undertaken by Robert Savage & Associates in 2007 and may not accurately represent the current layout.
3-5 Westbourne Gardens, Bayswater, W2 5NR Investment Summary Location & Transport Bedroom 1 Bedroom 1 Gallery Floorplans Accommodation Schedule Bedroom 2 Bedroom 2 Services & Legal Contact Us Lift 5b 5c Living Kitchen Kitchen Living Room Room Flat 5b Flat 5c First Floor Two x 2 Bedroom Flats Floorplan undertaken by Robert Savage & Associates in 2007 and may not accurately represent the current layout.
3-5 Westbourne Gardens, Bayswater, W2 5NR Investment Summary Location & Transport Bedroom 1 Bedroom 1 Gallery Floorplans Accommodation Schedule Bedroom 2 Bedroom 2 Services & Legal Contact Us Lift 5d 5e Living Kitchen Kitchen Living Room Room Flat 5d Flat 5e Second Floor Two x 2 Bedroom Flats Floorplan undertaken by Robert Savage & Associates in 2007 and may not accurately represent the current layout.
3-5 Westbourne Gardens, Bayswater, W2 5NR Investment Summary Location & Transport Gallery Bedroom 2 Bedroom 1 Floorplans Accommodation Schedule Lift Services & Legal 5f 5g Contact Us Bedroom 1 Bedroom 3 Bedroom 2 Flat 5f Flat 5g Lower Floor Lower Floor Third Floor Two x 3 Bedroom Split-Level Flats Floorplan undertaken by Robert Savage & Associates in 2007 and may not accurately represent the current layout.
3-5 Westbourne Gardens, Bayswater, W2 5NR Investment Summary Location & Transport Flat Roof Flat Roof Gallery Dining Dining Floorplans Area Kitchen Area Kitchen Accommodation Schedule Services & Legal Contact Us Living Room Living Room Flat 5f Flat 5g Upper Floor Upper Floor Fourth Floor Two x 3 Bedroom Split-Level Flats Floorplan undertaken by Robert Savage & Associates in 2007 and may not accurately represent the current layout.
3-5 Westbourne Gardens, Bayswater, W2 5NR Investment Summary Accommodation Schedule Location & Transport The Property comprises 8 self-contained apartments situated within two six-storey stucco fronted former dwelling houses. Gallery Floorplans FLOOR / UNIT US E SQ M SQ F T Accommodation Flat 3 (Ground/Lower Ground floor) 3 bed split level flat 187.4 2,017 Schedule (3 doubles with 3 bathrooms) Flat 5a (Ground/Lower Ground floor) 3 bed split level flat 122.17 1,315 Services & Legal (3 doubles with 3 bathrooms) Flat 5b (first floor) 2 bed flat 66.90 720 Contact Us (2 doubles with 2 bathrooms) Flat 5c (first floor) 2 bed flat 50.13 540 (1 double bed, 1 single bed, 1 bathroom) Flat 5d (second floor) 2 bed flat 63.57 684 (2 doubles with 2 bathrooms) Flat 5e (second floor) 2 bed flat 48.33 520 (1 double, 1 single, 1 bathroom) Flat 5f (third/fourth floor) 3 bed split level flat 91.88 989 (2 doubles, 1 single, 2 bathrooms) Flat 5g (third/fourth floor) 3 bed split level flat 80.50 989 (1 double, 2 singles, 2 bathrooms) TOTAL G R OS S INTER NAL AR EA 710.8 7,651
3-5 Westbourne Gardens, Bayswater, W2 5NR Investment Summary Services & Legal Location & Transport Services It is our understanding that mainswater, electricity and drainage Gallery are provided, although it will be the responsibility of the purchaser to ensure they are adequate for any future use of the property. Floorplans Local Authority Accommodation Schedule City of Westminster Westminster City Hall, Services & Legal 64 Victoria Street, London, SW1E 6QP Contact Us Postal Address 3-5 Westbourne Gardens, London W2 5NR Inspection The property may be inspected strictly by prior appointment only through the vendor’s sole selling agents, Black Brick Property Solutions LLP. AML A successful bidder will be required to provide the usual information to satisfy the AML requirements when Heads of Terms are agreed.
Contact Us Camilla Dell Caspar Harvard-Walls Hamish Bruce MA NA GING PARTNER PAR T N E R H EA D OF S A L ES camilla.dell@black-brick.com caspar.harvard-walls@black-brick.com hamish.bruce@black-brick.com T: +44 (0)203 141 9860 T: +44 (0)203 141 9864 T: +44 (0)203 141 9868 M: +44 (0)7887 827 176 M: +44 (0)7827 277 741 M: +44 (0)7432 523 559
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