191-199 - Savillspdf.savills.com/documents/191-199GloucesterPlace... · 2019-01-16 · GLOUCESTER...

191-199GLOUCESTER PLACE

LONDON NW1 6BU

1

191-199GLOUCESTER PLACELONDON NW1 6BU

PRIME CENTRAL LONDON RESIDENTIAL INVESTMENT OPPORTUNITY


LONDON NW1 6BU


LONDON NW1 6BU

32

� Impressive terrace of five adjoining period townhouses configured to provide 57 units.

� Overall Gross Internal Area 1,307 sq m (14,070 sq ft) including common parts.

� Current rent passing £1,258,402 per annum, occupied by 56 ASTs and 1 regulated tenant.

� House in Multiple Occupation (HMO).

� Recently refurbished to a high specification.

� Prime location between Regents Park, Marylebone and the West End, within the City Of Westminster.

� Both Baker Street London Underground Station (Travelcard Zone 1 – Central Line) and Marylebone Mainline Railway Station are within short walking distance.

� Opportunity to own a substantial income producing investment in Central London.

Units 57

Gross internal Area 1,307 sq m / 14,070 sq ft

Passing Rent £1,258,402 pa

Tenure Freehold

INVESTMENT SUMMARY

AN INCREASINGLY RARE OPPORTUNITY TO PURCHASE AN UNBROKEN TERRACE OF FIVE GRADE II LISTED, FREEHOLD BUILDINGS IN THE HEART OF PRIME CENTRAL LONDON.


LONDON NW1 6BU


LONDON NW1 6BU

54

The City Oxford StreetMarylebone High Street

Baker Street Underground

Marylebone Station

Regent’s Park FitzroviaLord’s Cricket

Ground

Not to scale - for identification purposes only


LONDON NW1 6BU


LONDON NW1 6BU

76

LOCATIONThe property is located in Marylebone, within the City of Westminster. To the north east of the property is the world famous Royal Regent’s Park. To the south is Oxford Street, London’s most popular shopping destination, and to the west is fashionable ‘Marylebone Village’, home to many destination restaurants and luxury boutique shops.

The property is located within the bounds of the Portman Estate, one of the oldest landed estates in London and dating back to the 16th century. The estate encompasses some 110 acres of prime property located between Oxford Street and Edgware Road, and extending north to Marylebone Road and east to Marylebone High Street.

Gloucester Place itself runs north/south, connecting Portman Square and Park Road. The property is situated to the north end of Gloucester Place, on its west side, close to the junction with Ivor Place.

Communications are excellent with London Underground Stations: Baker Street (Travelcard Zone 1 – Bakerloo & Jubilee line) situated 300 metres to the south and London Marylebone Mainline and Underground Station (Travelcard Zone 1 – Bakerloo) 300 metres to the south, providing quick access to Outer London and the northerly Home Counties.

MAYFAIR

MARYLEBONE

REGENT’S PARK

BAKER STREETREGENT’S PARK

EUSTON SQUARE

GOOGE STREET

OXFORD CIRCUS

LEICESTER SQUARE

WESTMINSTERWATERLOO

PICCADILLY CIRCUS

BOND STREET

MARBLE ARCH

HYDE PARK CORNER

KNIGHTSBRIDGE

HIGH STREET KENSINGTON

LANCASTER GATE

QUEENSWAY

ROYAL OAK

WARWICK AVENUE

MAIDA VALE

ST JOHN’S WOOD

SWISS COTTAGE

CAMDEN TOWN

CHALK FARM

MORNINGTON CRESCENT

KING’S CROSS ST PANCRAS

LONDON EUSTON

LONDON PADDINGTON

RUSSELL SQUARE

TOTTENHAM COURT ROAD

HOLBORN

WEST HAMPSTEAD

WESTBOURNE PARK

LADBROKE GROVE

NOTTING HILL GATE

HOLLAND PARK

HYDE PARK

GREEN PARK

ST JAMES’ PARK

PRIMROSE HILL

FITZTROVIA

KENSINGTON

LOWER BELSIZE PARK

COVENT GARDEN

KING’S CROSS

WESTWAY A40 MARYLEBONE ROAD A

501

EUSTON R

OAD

FIN

C

HLEY R

OA

D

A4

1

WE

LLIN

GTO

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AD

A

41

ED

GW

AR

E R

OA

D

A5

MA

IDA

VA

LE

A5

PR

INC

E ALBERT ROAD

A5205

A50

3 C

AM

DE

N R

OA

D

OXFORD STREET

OXFORD

STRE

ET

EV

ER

SH

OLT

ST

RE

ET

A50

2

RE

GE

NT

ST

RE

ET

A4

00

PA

RK

LA

NE

A

420

2

BAYS WATER ROAD

KENSINGTO N ROAD A315

A5

20

0 Y

OR

K W

AY

HA

MILT

ON

TE

RR

AC

E

BA

KE

R S

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A5205


LONDON NW1 6BU

Metropolitan

Journey times: tfl.gov.ukNot to scale - for identification purposes only

Circle

Bakerloo

Jubilee

Hammersmith & City

Wembley Park12 mins

Bond Street2 mins

Oxford Circus3 mins

Piccadilly Circus6 mins

Green Park4 mins

King’s CrossSt. Pancras

6 minsMarylebone

1 min

Paddington4 mins

Waterloo8 mins

Liverpool Street15 mins

Baker Street Underground



LONDON NW1 6BU


LONDON NW1 6BU

98

DESCRIPTIONThe property comprises five adjoining, mid-terrace Grade II listed Georgian town houses.

Accommodation is arranged over lower ground, ground and three upper floors. The property provides 57 units in total. There are 48 self contained studios; 7 non self-contained studios which all have access to their own separate bathrooms; and 2 one bedroom flats.

Each of the units has been refurbished to a high specification with quality en suite bathrooms, kitchens, fitted cupboards and spotlighting. The interior design and functionality of each unit is tailored to the tastes of the target occupier market, namely international students and young professionals.

A management office is located on the lower ground floor of No.197 and there are two laundry rooms, at 193 and 195 respectively.

RENTThe current passing rent is £1,258,402 per annum.

The one bedroom flat on the second floor in 195 Gloucester Place is occupied by a regulated tenant. All other units are occupied under ASTs.

Rents charged are inclusive of utilities and broadband use but exclusive of council tax.

The property offers rare ‘lock up and leave’ accommodation in Central London. Tenants are attracted by the convenience of the location, the secure self-contained units and management presence on site as well as the high specification of the accommodation itself.

PLANNING & LICENSINGThe property is Grade II listed.

The property is classified as a House in Multiple Occupation (HMO sui generis).

193, 197 and 199 require HMO licences. A new five year licence has recently been granted.



LONDON NW1 6BU


LONDON NW1 6BU

1110

13' x 10'3.96 x 3.05m

11'3'' x 10'3''3.43 x 3.12m

18'6'' x 7'5.64 x 2.13m

19' x 7'3''5.79 x 2.21m

11'6'' x 10'3''3.51 x 3.12m

12'6'' x 10'6''3.81 x 3.20m

7' x 5'6''2.13 x 1.68m

11'6'' x 10'3''3.51 x 3.12m

16'9'' x 10'9''5.11 x 3.28m

14' x 10'6''4.27 x 3.20m

17'3'' x 10'3''5.26 x 3.12m

Terrace19'3'' x 7'6''

5.87 x 2.29m

11'6'' x 10'3.51 x 3.05m

16'6'' x 10'9''5.03 x 3.28m

LOWER GROUND FLOOR GROUND FLOOR FIRST FLOOR SECOND FLOOR THIRD FLOOR

APPROX. GROSS INTERNAL AREA *2853 Ft ² - 265.03 M ²

191 GLOUCESTER PLACE NW1

N

* As Defined by RICS - Code of Measuring Practice

Illustration For Identification Only, Not to ScaleAll Calculations include Any/All Areas Under 1.5m Head Height.

B K Rwww.bkrfloorplans.co.uk

T: 0845 257 2023BKR 2014C

32

3121

2212

112

3

2B

1B

3B

1



FIRST FLOOR

N


T: 0845 257 2023BKR 2014C



Courtyard22'6" x 8'9"

6.86 x 2.67m

21'9" x 8'6.63 x 2.44m

11' x 10'6"3.35 x 3.20m

16' x 9'6"4.88 x 2.90m

14' x 11'6"4.27 x 3.51m

22' x 7'9"6.71 x 2.36m

17' x 14'6"5.18 x 4.42m

11'6" x 9'6"3.51 x 2.90m

11'6" x 9'6"3.51 x 2.90m

17' x 14'6"5.18 x 4.42m

Balcony

16' x 13'9"4.88 x 4.19m

11'3" x 9'6"3.43 x 2.90m

GROUND FLOORBASEMENT SECOND FLOOR THIRD FLOOR

B1

B2

B3

01

02

03

11

12

21

22

31

32

RoofTerrace

22'6" x 9'9"6.86 x 2.97m

11'3" x 9'6"3.43 x 2.90m

TENANCY SCHEDULEBlock

Apartment No.

FloorTenancy

TypeUnit Type Rent pw Rent PA

191 B1 B ASTSTUDIO WITH

TERRACE£395.00 £20,540


TERRACE£395.00 £20,540

191 B3 B AST STUDIO £395.00 £20,540

191 1 Ground AST STUDIO £395.00 £20,540



191 11 1st AST STUDIO £395.00 £20,540

191 12 1st AST STUDIO £545.00 £28,340

191 21 2nd AST STUDIO £395.00 £20,540

191 22 2nd AST STUDIO £495.00 £25,740

191 31 3rd AST STUDIO £445.00 £23,140

191 32 3rd AST STUDIO £495.00 £25,740

£269,880


TERRACE£395.00 £20,540


TERRACE£395.00 £20,540

193 B3 B AST STUDIO £445.00 £23,140




193 11 1st AST STUDIO £305.00 £15,860

193 12 1st AST STUDIO £545.00 £28,340

193 21 2nd AST STUDIO £395.00 £20,540

193 22 2nd AST STUDIO £495.00 £25,740

193 31 3rd AST STUDIO £395.00 £20,540

193 32 3rd AST STUDIO £495.00 £25,740

£263,120


TERRACE£395.00 £20,540

195 B2 B AST STUDIO £395.00 £20,540

195 B3 B AST STUDIO £395.00 £20,540



195 11 1st ASTONE BEDROOM

FLAT£695.00 £36,140

195 21 2nd REGULATEDONE BEDROOM

FLAT£120.00 £6,240

195 31 3rd AST STUDIO £395.00 £20,540

195 32 3rd AST STUDIO £495.00 £25,740

£206,960

BlockApartment

No.Floor

Tenancy Type

Unit Type Rent pw Rent PA


TERRACE£395.00 £20,540


TERRACE£395.00 £20,540

197 B3 B AST STUDIO £395.00 £20,540




197 11 1st AST STUDIO £305.00 £15,860

197 12 1st AST STUDIO £545.00 £28,340

197 21 2nd AST STUDIO £395.00 £20,540

197 22 2nd AST STUDIO £495.00 £25,740

197 31 3rd AST STUDIO £395.00 £20,540

197 32 3rd AST STUDIO £495.00 £25,740

£257,920


TERRACE£395.00 £20,540


TERRACE£395.00 £20,540

199 B3 B AST STUDIO £395.00 £20,540




199 11 1st AST STUDIO £305.00 £15,860

199 12 1st AST STUDIO £545.00 £28,340

199 21 2nd AST STUDIO £395.00 £20,540

199 22 2nd AST STUDIO £495.00 £25,740

199 31 3rd AST STUDIO £395.00 £20,540

199 32 3rd AST STUDIO £495.00 £25,740

£260,520

£1,258,401


LONDON NW1 6BU


LONDON NW1 6BU

1312

Unit B113' x 10'6''

3.96 x 3.20m

Unit B212'6'' x 10'3''3.81 x 3.12m

Unit B313'6'' x 9'9''

4.11 x 2.97m

Vault Vault

Unit 214' x 13'

4.27 x 3.96m

Unit 117'3'' x 10'6''5.26 x 3.20m

Unit 1117' x 14'

5.18 x 4.27m

RearUnit 11

10'6'' x 7'6''3.20 x 2.29m

Courtyard18' x 6'3''

5.49 x 1.90m

Unit 2217' x 14'

5.18 x 4.27m

Unit 2110'9'' x 10'6''3.28 x 3.20m

Unit 3217' x 10'9''

5.18 x 3.28m

Unit 3110'9'' x 10'6''3.28 x 3.20m


(Including Vault)



T: 0845 257 2023BKR 2015C



LOWER GROUND FLOOR GROUND FLOOR FIRST FLOOR SECOND FLOOR THIRD FLOOR

N



N

BASEMENT FLOOR


T: 0845 257 2023BKR 2015C



17'3'' x 13'9''5.26 x 4.19m

11'3'' x 11'3.43 x 3.35m

17' x 13'5.18 x 3.96m

12'6'' x 10'6''3.81 x 3.20m

17' x 13'5.18 x 3.96m

12'6'' x 9'9''3.81 x 2.97m

14'9'' x 12'9''4.50 x 3.89m

11'6'' x 11'3.51 x 3.35m

15' x 7'4.57 x 2.13m

12'9'' x 10'9''3.89 x 3.28m

11' x 10'6''3.35 x 3.20m

15' x 7'4.57 x 2.13m

Vault10'3'' x 8'9''

3.12 x 2.67m

Vault10'3'' x 7'3''

3.12 x 2.21m

GROUND FLOOR FIRST FLOOR SECOND FLOOR THIRD FLOOR

Courtyard

B1

B2

B3

01

02

03

11

12

21

22

31

32


(Including Vault 2)


FIRST FLOOR

N


T: 0845 257 2023BKR 2015C



Unit 3217' x 14'9"

5.18 x 4.50m

Unit 3111' x 10'

3.35 x 3.05m

Unit 2216' x 14'3"

4.88 x 4.34m

Unit 2111' x 9'9"

3.35 x 2.97m

Unit 1216' x 14'6"

4.88 x 4.42m

Unit 1111'3" x 9'9"

3.40 x 2.90m

Unit 314'9" x 11'9"4.50 x 3.58m

Vault 2 Vault 1

Unit 115'3" x 7'

4.65 x 2.13m

Unit B313' x 10'3"

3.96 x 3.12m

Unit B211' x 10'9"

3.35 x 3.28m

Unit B122'3" x 7'

6.78 x 2.13m

GROUND FLOORLOWER GROUND FLOOR SECOND FLOOR THIRD FLOOR

Courtyard23' x 9'9"

7.01 x 2.97m

B1

B3

B2

3

1

2

12

11

22

21

32

31

Unit 211'3" x 9'9"

3.40 x 2.90m



LONDON NW1 6BU


LONDON NW1 6BU

1514

PRIME CENTRAL LONDON OVERVIEWOver the past five years, Prime London has been the strongest performing UK residential market, with average values currently 30.8% above 2010 levels. Following the General Election sentiment has continued to improve and demand has notably increased.

The prime rental market saw rents rise by 2.7% during 2014. This is the highest annual growth since September 2011. The strongest market has been for smaller properties in Central London. Prime one bedroom units have delivered above average, annual rental growth of 3.1%. This has been predominantly due to reduction of corporate budgets for employees. However, Central London locations remain popular, and so demand has risen in the micro-studio market. This is expected to be a trend that will continue as the strengthening London economy and the continued expansion of sectors such as technology and telecommunications will underpin demand for prime rental property.

London is forecast to benefit from robust capital growth with Savills Research forecasting 22.7% growth over the next five years and 17.1% increase in Prime Central London rents. This will be driven by the long term under supply of residential accommodation.

CENTRAL LONDON FORECASTSCapital Values: Prime London

2015 2016 2017 2018 2019 5 years

-0.5% 7% 5.5% 4.5% 4.5% 22.7%

Rents: Prime London

2015 2016 2017 2018 2019 5 years

2.5% 3% 3.5% 3.5% 3.5% 17.1%

16


LONDON NW1 6BU

TENUREThe property is held freehold.

VIEWINGSViewings are strictly by appointment only through

the selling agents Savills.

METHOD OF SALEThe property is offered for sale by private treaty.

Single offers are sought for the freehold interest subject to the existing tenancies.

Should a closing date be set for the submission of offers, all parties who have expressed an interest

will be advised accordingly.

FURTHER INFORMATIONA full dataroom can be found at:

www.savills.com/gloucesterplace

Please register for access.

EPCs can be found there.

CONTACTSJames Laverack

+44 (0) 20 7016 3770 +44 (0) 7807 999 156 [email protected]

Davina Clowes +44 (0) 20 7016 3838

+44 (0) 07967 555 833 [email protected]

Adam Alster +44 (0) 20 3043 3607 +44 (0) 7812 965 362 [email protected]

Important Notice: Savills, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract

and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning,

building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Designed and Produced by Savills Commercial Marketing: 020 7499 8644

June 2015

191-199 - Savillspdf.savills.com/documents/191-199GloucesterPlace... · 2019-01-16 · GLOUCESTER...

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Transcript of 191-199 - Savillspdf.savills.com/documents/191-199GloucesterPlace... · 2019-01-16 · GLOUCESTER...