A Freehold building which had been in the same family ownership for 40 years. The building featured 19 x studios and 4 x 1 bedroom flats. The entire building was in a sad state of repair and was in desperate need of some care and attention. Our client in this instance purchased the building in order to completely refurbish and asset manage the building to create an income stream by letting all of the newly refurbished and reconfigured flats.

This building was purchased by a family office 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.