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Robert Irving Burns

Freehold Investment 147 & 149 Cleveland Street, London

£3,900,000

Details

  • Ref: 153921
  • Type: Residential
  • Availability: Sold

Description

147 & 149 Cleveland Street: forms two neighbouring residential freehold buildings arranged over lower ground, ground and three upper floors.

No. 147: comprises a 2 bedroom apartment on the ground and lower ground floors with a 3 bedroom triplex above in need of refurbishment. There is a garden space to the rear of the building where there is potential to extend subject to the necessary planning consents (similar to No. 149).

No.149: comprises a 3 bedroom apartment on the ground and lower ground floors with three studio flats above. There is an external area on the lower ground floor with two vaults suitable for storage at the front of the property. The studio flat on the first floor has been sold off on a 170 year long leasehold interest at peppercorn ground rent.

The properties are Grade II Listed.

Location
The properties are located on Cleveland Street, within the key West End submarket of Fitzrovia. It is one of the most well-known thoroughfares in the area with an array of local eateries, galleries, museums and public houses close by. The subject property is located a short walk from Great Portland Street & Warren Street Underground Stations. Euston Main Line Station is also within close proximity.

Available Area

Name/FloorSq FtSq MAvailability
lg 147 Duplex37434.75Sold
g 147 Duplex40237.35Sold
1st 147 Triplex41738.74Sold
2nd 147 Triplex42439.39Sold
3rd 147 Triplex42139.11Sold
lg 149 Duplex60756.39Sold
g 149 Duplex34131.68Sold
1st 149 Flat 137034.37Sold
2nd 149 Flat 237034.37Sold
3rd 149 Flat 336734.10Sold
Total4,093380.25 

Features

  • Two adjoining Grade II Listed Residential Freehold Investments
  • Located on Cleveland Street within the key West End submarket of Fitzrovia
  • Both buildings are arranged over lower ground, ground and three upper floors
  • 147 measures 2038 sqft with a current income of £20,400 pa
  • 149 measures 2055 sqft with a current income of 52,800 pa
  • The properties are not elected for VAT
  • The buildings can be acquired together or individually

Materials

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