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 Services & Legal Contact Us
Investment Summary – An attractive period residential investment block comprising 8 self-contained residential apartments – The asset comprises of 4 x 3 bedroom, 4 x two bedroom across lower ground, ground and 4 upper floors
– The property benefits from an internal lift to all floors – Excellent transport links, with Royal Oak, Queensway, Bayswater and Paddington all within a 0.5 mile radius. – 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 flats combined, excluding common parts)
– Freehold – 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 Accommodation Schedule Services & Legal Contact Us
Map data © Google
Location The Property is located in Bayswater, in west London. Bayswater falls within the administrative boundaries of the City of Westminster and borders Notting Hill to the west, Paddington to the east, the A40 (Westway) to the north and Queensway to the south. Local road connections are good, with good vehicular access available to the wider Greater London area and the national motorway network. A principal east-west vehicular route across the capital is provided by the A40 (Westway), which becomes Euston Road (A501) to the west and merges with the M40 to the west. This is accessible within approximately 0.25 miles of the property. North to south routes in the vicinity include the A5 (Edgware Road), which provides access to the wider West End as well as the M1 to its northern most extension, and is accessible within circa 1 mile to the east of the Property. The nearest underground stations are Royal Oak (Hammersmith & City Line, Zone 2), which is approximately 250 yards to
the north, Bayswater (District & Circle Lines) and Queensway (Central Line), both provide access to Zone 1 underground connections and are accessible within approximately 0.5 miles to the south. The nearest mainline rail station is approximately 0.5 miles to the east, at Paddington, providing access to Hammersmith & City, District & Circle Line Underground services as well as comprehensive mainline rail services to the West Country and the Midlands. There is also a comprehensive bus network connecting the local area with most neighbouring districts of central London. Bayswater is currently benefitting from significant investment and regeneration, including the £1 billion re-development of Whitley’s shopping centre by Foster and Partners, into The Whitley London, a new luxury residential and retail development and the UK’s first Six Senses Hotel and Spa, and Park Modern, a new luxury development of 54 apartments by Fenton Whelan where prices being achieved range between £3000 and £5000 per sq. foot. Paddington is also on the new Crossrail line.
0
6 1 to 4
56
47
58
C EL
GE M
EW S
Depot t 10
4 o1
2
BRID
8
54
3-5 Westbourne Gardens, Bayswater, W2 5NR
7
14
4
24.0m
26 to
Cycle Hire St
1
1
27
0
13 a 45
8
1t
23
o9 1
1
iba Ad use Ho a
to
5
3
5
18
24
31
22.9m
1
Accommodation Schedule
Library
9
45
Porchester Hall
15
NE
S EN
R PO D OA RR TE ES CH
R OU B T
D AR G
13
E GARDENS WESTBOURN
11
ES
W
23
43
Porchester Centre
LB
214
212
23.3m
225
14
218
35
35
tM et rd u B
Bridge Field House
1 to 143
Peters Court
23.0m
31
1 to 21
s ew
25
7
ry
2 19
a Libr
36
1
Contact Us
2 27
Floorplans
Services & Legal
44
Gallery
25
t ur Co
b Sta El Su
Location & Transport
8
re Ve
Investment Summary
Ralph Court 1 to 151
A40 (Westway) 3-5 Westbourne Gardens, Bayswater, W2 5NR
Leading to A501 (Euston Road) and M40
Royal Oak Station
Hammersmith & City Line, Zone 2
Paddington Station
Investment Summary
Location & Transport
The Property
3-5 Westbourne Gardens, Bayswater, W2 5NR
Gallery
Hammersmith & City, District & Circle Underground Lines and mainline rail services to the West Country and the Midlands. Paddington is also on the new Crossrail line.
Floorplans Accommodation Schedule
A5 (Edgware Road
Services & Legal
Approx. 1 mile from property. Provides access to West End and M1
Contact Us
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 retail development and the UK’s first Six Senses Hotel and Spa.
Airports Heathrow Airport 35mins drive Gatwick Airport 1hr 14mins drive London City Airport 49mins drive
Bayswater Station
District & Circle Line, Zone 1
Queensway Station 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 Location & Transport
Bedroom 3
Bedroom 2
Bedroom 3
Bedroom 2
Gallery
Floorplans
Hall
Accommodation Schedule Services & Legal Contact Us
Hall
Store
Bedroom 1
Bedroom 1
Refuse
Refuse
Recycling
Flat 3 Lower Floor
Lower Ground
Two x 3 Bedroom Split-Level Flats
Flat 5a Lower Floor
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
Investment Summary Location & Transport
Garden Below
Kitchen / Breakfast Room
Flat Roof Below
Kitchen / Breakfast Room
Flat Roof Below
Gallery
Floorplans
Dining Area
Accommodation Schedule
Dining Area
Services & Legal
5a Hall
Lift
Contact Us
Hall
Living Room
Living Room
3 Refuse
Flat 3 Upper Floor
Ground Floor
Refuse
Refuse
Two x 3 Bedroom Split-Level Flats
Flat 5a Upper Floor
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
Gallery
Bedroom 1
Floorplans Accommodation Schedule
Bedroom 2
Bedroom 2
Services & Legal Contact Us
Lift
5b
Living Room
Kitchen
Flat 5b
First Floor
Two x 2 Bedroom Flats
5c
Kitchen
Living Room
Flat 5c
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 1
Bedroom 1
Floorplans Accommodation Schedule
Bedroom 2
Bedroom 2
Services & Legal Contact Us
Lift
5d
Living Room
Kitchen
Kitchen
Living Room
Flat 5e
Flat 5d
Second Floor
5e
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 1
Bedroom 2
Floorplans Accommodation Schedule
Lift
Services & Legal
5f
5g
Contact Us Bedroom 1
Bedroom 3
Flat 5f Lower Floor
Third Floor
Two x 3 Bedroom Split-Level Flats
Bedroom 2
Flat 5g Lower Floor
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
Gallery Dining Area
Floorplans
Flat Roof
Kitchen
Dining Area
Kitchen
Accommodation Schedule Services & Legal Contact Us Living Room
Flat 5f Upper Floor
Fourth Floor
Two x 3 Bedroom Split-Level Flats
Living Room
Flat 5g Upper Floor
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 Floorplans
Accommodation Schedule Services & Legal Contact Us
Accommodation Schedule The Property comprises 8 self-contained apartments situated within two six-storey stucco fronted former dwelling houses.
FLOOR / UNIT
US E
SQ M
SQ F T
Flat 3 (Ground/Lower Ground floor)
3 bed split level flat (3 doubles with 3 bathrooms) 3 bed split level flat (3 doubles with 3 bathrooms) 2 bed flat (2 doubles with 2 bathrooms) 2 bed flat (1 double bed, 1 single bed, 1 bathroom) 2 bed flat (2 doubles with 2 bathrooms) 2 bed flat (1 double, 1 single, 1 bathroom) 3 bed split level flat (2 doubles, 1 single, 2 bathrooms) 3 bed split level flat (1 double, 2 singles, 2 bathrooms)
187.4
2,017
122.17
1,315
66.90
720
50.13
540
63.57
684
48.33
520
91.88
989
80.50
989
710.8
7,651
Flat 5a (Ground/Lower Ground floor) Flat 5b (first floor) Flat 5c (first floor) Flat 5d (second floor) Flat 5e (second floor) Flat 5f (third/fourth floor) Flat 5g (third/fourth floor)
TOTAL G R OS S INTER NAL AR EA
3-5 Westbourne Gardens, Bayswater, W2 5NR Investment Summary Location & Transport Gallery Floorplans Accommodation Schedule
Services & Legal Contact Us
Services & Legal Services It is our understanding that mainswater, electricity and drainage are provided, although it will be the responsibility of the purchaser to ensure they are adequate for any future use of the property.
Local Authority City of Westminster Westminster City Hall, 64 Victoria Street, London, SW1E 6QP
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 T: +44 (0)203 141 9860 M: +44 (0)7887 827 176
caspar.harvard-walls@black-brick.com T: +44 (0)203 141 9864 M: +44 (0)7827 277 741
hamish.bruce@black-brick.com T: +44 (0)203 141 9868 M: +44 (0)7432 523 559