This was an entire Freehold building comprising unmodernised self-contained apartments. The property is located in prime Notting Hill Gate and will be retained by our client for long-term rental income and potential increase in massing via the addition of an extra floor.

This building was purchased by a well established investment client of Allied who are extremely active in the Bayswater, Notting Hill and South Kensington markets. The client in this instance has a rolling facility of £50-£60m to purchase similar assets in these locations only. They are predominantly looking for Residential, Commercial or Mixed-Use buildings with asset management opportunities to create income.