INVESTMENT OPPORTUNITY 6 BAMBOROUGH GARDENS, SHEPHERD S BUSH, LONDON W12 8QN

Transcription

1 INVESTMENT OPPORTUNITY 6 BMBOROUGH GRDENS, SHEPHERD S BUSH, LONDON W1 8QN

2 1 INVESTMENT OPPORTUNITY 6 BMBOROUGH GRDENS, SHEPHERD S BUSH, LONDON W1 8QN INVESTMENT SUMMRY freehold HMO investment opportunity situated in a prominent position in Shepherd s Bush, London. Configured to provide eight studio rooms with shared facilities. Overall gross internal area (GI) (including communal areas) of,19 sq ft (06 sq m). To be sold with the benefit of vacant possession. Central London location with excellent transport links, with Shepherd s Bush (Central Line, Overground and National Rail), Shepherd s Bush Market (Circle and Hammersmith & City Lines) and Goldhawk Road (Circle and Hammersmith & City Lines) are all within 0. miles (0.5 km) of the property. Extensive amenities throughout the area, including Westfield London shopping centre, Shepherd s Bush Market and Shepherd s Bush Empire music venue. Full planning consent (ref: 016/0107/ FUL) to extend the building to provide an overall GI (including communal areas) of,808 sq ft (61 sq m). Scope to reconfigure and self contain units, subject to the necessary consents. 4a 8 LB 4 41a TCB 1 to 6 9a to 0 pex Court 7 anark ansions to m 1 9 b WOODGER ROD a Shelter 4 0 BMBOROUGH GRDENS LOCTION ND SITUTION 4 The property is located within the London Borough of Hammersmith and Fulham, within the Shepherd s Bush Conservation rea. Shepherd s Bush is located in West London and is bordered by Holland Park and Notting Hill to the east. Bamborough Road is situated off Goldhawk Road on the south west corner of Shepherd s Bush Green. It is a residential, no through road, characterised by terraced period town houses. Shepherd s Bush has a strong rental market; the area attracts young professionals working in either The West End or City who enjoy the direct access via the Central Line to both these major employment hubs. There are also extensive amenities beyond its restaurants and bars, such as Westfield London shopping centre, Shepherd s Bush Market and Shepherd s Bush Empire music venue, which attract people from all over the country making it a vibrant and diverse place to live and visit. Westfield London has helped drive the local economy since it opened in 008 by attracting over 8 million visitors each year. It has also played a major part in the development of its transport links, which the area now hugely benefits from TCBs 1 to to to 19 1 to 6 Rayner Court 1a to Surgery Garage SULGRVE GRDENS m 6.5m Shel The transport connections are excellent with there being three stations (Zone ) within 0. miles (0.5 km) of the property, collectively providing three Underground lines, the Overground line and National Rail. These include: Shepherd s Bush (Central Line, Overground and National Rail), Shepherd s Bush Market (Circle and Hammersmith & City Lines) and Goldhawk Road (Circle and Hammersmith & City Lines). Station Quickest Line Time Hammersmith 9 mins Hammersmith & City or Circle Oxford Circus 9 mins Central Clapham Junction 15 mins Overground Bank 9 mins Central Liverpool Street 7 mins Central King s Cross 40 mins Central / Victoria Source: Transport for London. 10b 1 to 48

3 INVESTMENT OPPORTUNITY 6 BMBOROUGH GRDENS, SHEPHERD S BUSH, LONDON W1 8QN DESCRIPTION The property is a mid-terraced, period townhouse comprising eight studios. It has an overall GI (including communal areas) of,19 sq ft (06 sq m) and is arranged over four storeys. Six of the studios comprise a kitchen unit and the remaining two have access to a shared kitchen. The studios have access to two shared bathrooms, which are situated on the ground and first floors. The building itself benefits from grand ceiling heights and a rear garden. Two of the studios have been refurbished to a good standard; the rest of the building is in reasonable internal order, although now there is an opportunity to add value through refurbishment. The property will be sold with the benefit of vacant possession. MRKET OVERVIEW The investment market for sui-generis HMO, hostel and serviced apartment blocks has rapidly evolved over the past two years. Such buildings have the potential to optimize rent per square foot, enabling an enhanced yield to be achieved above mainstream residential assets. CGI for illustrative purposes only

4 INVESTMENT OPPORTUNITY 6 BMBOROUGH GRDENS, SHEPHERD S BUSH, LONDON W1 8QN 4 PLNNING & DEVELOPMENT POTENTIL The property received full planning consent (ref: 016/0107/FUL) in October 016 to extend the rear at lower ground level and construct a rear roof extension, providing a overall GI (including communal areas) of,808 sq ft (61 sq m). The proposed works would increase the number of studios to nine and allow for two units to be converted into en-suite studios. Furthermore, it is proposed that the shared kitchen is redeveloped into a larger kitchen, living and dinning area. Subject to the necessary planning consents, there is scope to increase the number of studios, self-contain the rooms and improve the specification throughout. HMO LICENCE The property currently has no HMO licence. CCOMMODTION SCHEDULE Existing Layout Floor Floor rea (sq ft) Shared Facility Lower Ground 55 x studio kitchen rear garden Proposed Layout Floor rea (sq ft) Shared Facility x en-suite kitchen living area dining area shower room rear garden Ground 581 x studio bathroom x studio 1 x en-suite First 59 x studio bathroom 59 x studio - Second 49 x studio - 49 x studio - bathroom wc Third x studio shower room Totals,19,808

5 INVESTMENT OPPORTUNITY 6 BMBOROUGH GRDENS, SHEPHERD S BUSH, LONDON W1 8QN 5 EXISTING FLOOR PLNS Lower Ground Ground First Second Roof Step Kitchen Patio Bathroom a/c C WC C U/S C E E E5 E7 E1 E6 E8 E4 rea not surveyed Store Bins Planting pproximate Gross Internal rea,19 sq ft (06 sq m)

6 INVESTMENT OPPORTUNITY 6 BMBOROUGH GRDENS, SHEPHERD S BUSH, LONDON W1 8QN 6 PROPOSED FLOOR PLNS Lower Ground Ground First Second Third Roof Planters Planters Living Flat Roof Bathroom Dining 04 WC Kitchen P En-suite Ensuite P1 P Cycle Store - Cycles Cycle Store - 6 Cycles Bins Planting pproximate Gross Internal rea,808 sq ft (61 sq m)

7 INVESTMENT OPPORTUNITY 6 BMBOROUGH GRDENS, SHEPHERD S BUSH, LONDON W1 8QN 7 TENURE The property is held freehold. METHOD OF SLE The property is offered for sale by private treaty. Offers are sought for the freehold interest subject to contract. VT VIEWINGS Viewings are strictly by appointment via the vendor s sole selling agents, Savills. Please contact one of the agents below to make an appointment. CONTCTS Davina Clowes DClowes@savills.com + 44 (0) James Watkins JWatkins@savills.com + 44 (0) The property is not elected for VT. FURTHER INFORMTION full suite of background information, including EPCs, can be found on the online data room at Important Notice Savills, their clients and any joint agents give notice that: 1. They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.. ny 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.