40 bed flat for sale Covent Garden and Soho Residential Portfolio

40 beds 38 baths Block of Flats

Tenure: ask agent

Added yesterday

About this property

A rare opportunity to acquire a portfolio of 23 income-producing luxury apartments across eight buildings. The portfolio includes two complete residential buildings, comprising three and five apartments respectively. The breakdown is as follows: 3 Unit Freehold entire block 5 Unit leasehold entire block (144-yr lease)5 Units in one building (990+yr lease)3 Units in one building (990+yr lease)2 Units in one building (990+yr lease)2 Units in one building (990+yr lease)3 Individual units (990+yr lease) Gross income of approx £1,145,000 per annum, (underlet) Total service charge approx £150,000.

Key features

Please quote SO1137 For All Enquiries
Luxury Residential Portfolio For Sale
23 self contained flats
Across 8 buildings
Gross Income - £1,150,000 p.a
2 unbroken blocks within portfolio
SPV/BVI owned
Freehold and 990+yr lease
Lift access

Location

Covent Garden and Soho Residential Portfolio

Open map Street View

Council tax band: Ask agent

Mortgage and stamp duty

Property price £32,000,000

£16m £48m

Deposit10% £3,200,000

£0 £32m

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £28,800,000 mortgage. Most lenders would want a household income of about £6,400,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.