We are delighted to announce the acquisition of an investment property located at 63 Queen’s Grove, St John’s Wood, NW8.
St John Wood is a Central London district located in the City of Westminster. First developed by James Burton in the early 19th Century, it is one of the most affluent London suburbs and has a strong connection with cricket, being the home of the Marylebone Cricket Club, Middlesex County Cricket Club, and Lords Cricket Ground. It was amongst the first London suburbs built with lower density villa style houses and communal garden squares. This pattern of development has made St John’s Wood one of the most sought after and affluent Central London submarkets with higher residential rents than anywhere else in London.
It is also this pattern which makes St John’s Wood investments so popular within the investment market. We were delighted to have acquired the freehold for 63 Queen’s Grove on behalf of our private client. Queen’s Grove is located between Norfolk Road (B525) and the Finchley Road, two of St John’s Wood’s major thoroughfares. It is also a short walk away from St John’s Wood Underground Station and Primrose Hill, meaning that the subject investment property benefits from ample green space and excellent communications. The subject St John’s Wood property comprises of ground and lower ground floor office accommodation and three flats above which are let on ASTs. In addition, there is forecourt parking for two cars, with dedicated parking space being highly sought after in such a popular location.
“We were delighted to have completed on this acquisition on behalf of our private client. With the benefit of recurring income in one of the most expensive rental areas in London, we are confident that this purchase will complement the rest of our client’s portfolio. We would like to extend our thanks to Robin Lester of Metrus who acted for the vendor in this transaction and look forward to completing more transactions together in the future.” Stated Board Director Damien Field when asked to comment.
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