HMO INVESTMENT OPPORTUNITY LONDON, SW7 3LZ

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1 HMO INVESTMENT OPPORTUNITY LONDON, SW7 3LZ

2 Investment Summary Two interconnecting, freehold, Grade II Listed buildings Prime location in Chelsea, within 0.5 km (0.3 miles) of South Kensington Underground Station 2 Extending to an overall Gross Internal Area (including common parts) sq m (8,357 sq ft) 3 Certificate of lawful existing use or development confirming a House in Multiple Occupation (sui generis) Significant scope to enhance the asset by upgrading and reconfiguring the existing accommodation (subject to the necessary consents) The Property is for sale freehold with vacant possession

3 Foulis Terrace HYDE PARK MAYFAIR KNIGHTSBRIDGE THE CITY SLOANE SQUARE HARRODS SOUTH KENSINGTON STATION 4 5

4 The Property is located in Chelsea, which together with neighbouring South Kensington, is one of the most desirable locations in Prime Central London. HIGH STREET KENSINGTON KENSINGTON GARDENS THE ROYAL ALBERT HALL HYDE PARK ONE HYDE PARK KNIGHTSBRIDGE HARRODS HYDE PARK CORNER 6 The Property is within close proximity to a wide range of retail, café and restaurant outlets. Sloane Street is known for its exclusive international fashion and jewellery brands and is approximately 1.28 km (0.8 miles) from the Property. Fulham Road and King s Road are both situated just to the south of the Property and also have an eclectic array of boutiques and well known high street shops. Kensington Gardens and Hyde Park are approximately 1.35 km (0.84 miles) to the north of the Property. Communications are excellent, with South Kensington Underground Station (Piccadilly, Circle and District lines) approximately 550 metres north-east of the Property. Gloucester Road (Piccadilly, Circle and District lines) and Earl s Court (Piccadilly and District lines) Underground Stations are both approximately 1.3 km (0.8 miles) to the north-west of the Property, West Brompton (District line, London Overground, and National Rail services) Station is approximately 1.4 km (0.9 miles) to the west. Cromwell Road (A4) is 700 metres north of the Property, which leads into Knightsbridge and the West End. It also links to London Heathrow to the west, via M4 and M25, which is approximately 28 km (17.7 miles) from the Property. The Property itself is situated on the west side of Foulis Terrace, which runs off the Fulham Road, connecting to Onslow Gardens and Onslow Square. The Property overlooks the former Brompton Hospital, which was re-developed into private residential between CROMWELL ROAD CROMWELL ROAD EARLS COURT EARL S COURT EXHIBITION CENTRE WEST BROMPTON OLD BROMPTON ROAD Not to scale - for identification purposes only GLOUCESTER ROAD THE BOLTONS SCIENCE MUSEUM NATURAL HISTORY MUSEUM OLD BROMPTON ROAD V&A FULHAM ROAD FULHAM ROAD SOUTH KENSINGTON BROMPTON ORATORY KINGS ROAD SLOANE SQUARE SAATCHI GALLERY CHELSEA EMBANKMENT RIVER THAMES 7 PICCADILLY CIRCLE DISTRICT Piccadilly Circus 8 mins Green Park 6 mins Hyde Park Corner 4 mins Knightsbridge 2 mins Leicester Square 9 mins King s Cross St. Pancras 16 mins Heathrow (T4) 41 mins South Kensington Underground Westminister 8 mins St. James Park 6 mins Victoria 4 mins Sloan Square 2 mins Gloucester Road 2 mins Earl s Court 5 mins Journey times: tfl.gov.uk Not to scale - for identification purposes only

5 Foulis Terrace 8 9 Description 4 8 Externally the Property is part of an elegant brick and stucco terrace which was constructed in the mid 19th Century. ONSLOW GARDENS to 9 10 to to 74 1 to The Property is currently configured to provide approximately 26 non self-contained rooms arranged over lower ground, ground and four upper floors. It benefits from seven communal shower /WCs and five kitchens. To the rear is a garden extending to circa 102 sq m (0.1ha)/ 0.03 acres FOULIS TERRACE 1 to 5 6 Internally, the Property would benefit from complete refurbishment. The building offers the opportunity to reconfigure the accommodation into studios, subject to obtaining the necessary consents. NEVILLE STREE 7 NOTE: Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. Crown copyright licence number Savills (UK) Ltd. NOTE: Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

6 Planning & HMO Licence The Property is classified as a House of Multiple Occupation (HMO) (sui generis). A Certificate of Lawful Existing Use or Development was issued on 23rd January There is no HMO licence. The Property is located within the Royal Borough of Kensington and Chelsea (RBKC) and within the Thurloe Estate and Smiths Charity Conservation Area. The buildings are Grade II listed and form part of the listing for 1-14 Foulis Terrace. 10 HMO MARKET The HMO investment market has evolved rapidly over recent years, with potential to optimise rental income; enabling an enhanced yield above mainstream residential. The evolution of more traditional HMO accommodation to now provide micro self-contained studio units, where the necessary consents can be obtained to achieve this, have helped underpin pricing to potential income generation over and above the asset s existing capital value. The strongest rental market in Prime Central London has been for smaller units in Central London. Well located one bedroom and studio units have delivered above average, annual rental growth of 3.1%. This has been predominantly due to the reduction of corporate budgets for employees. However, Central London locations remain popular, and so demand has risen in the micro-studio market. Due to the transient nature of the London workforce, bespoke rental accommodation, which is fully furnished, operational and ready to move in to, is in highest demand. HMOs offer the opportunity to create an efficient lettings platform by maximising density on site. 11

7 Foulis Terrace Floorplans LOWER GROUND FLOOR GROUND FLOOR FIRST FLOOR

8 Foulis Terrace Floorplans SECOND FLOOR THIRD FLOOR FOURTH FLOOR AREA SCHEDULE Floor LG G Total GIA SQM SQFT 1,481 1,338 1,377 1,378 1,395 1, The floor areas and floor plans have been provided by BKR Floorplans.

9 TENURE Freehold (BGL 10497). METHOD OF SALE The property is for sale by private treaty. Should a closing date be set for the submission of offers, all parties who have expressed an interest will be advised accordingly. VAT The property is not elected for VAT. FURTHER INFORMATION A full dataraoom can be found at: 16 EPC A copy of the EPC for the property is available on the dataroom. VIEWINGS Viewing are strictly by appointment via the vendor s sole selling agents, Savills. Please contact one of the agents below to make an appointment. 17 FOR ILLUSTRATION PURPOSES ONLY

10 Contacts TIM WHITMEY Director +44 (0) PIERS DE WINTON Director +44 (0) DAVINA CLOWES Associate Director +44 (0) JAMES DONGER Surveyor +44 (0) 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 Marketing: March 2018