|
Pass
your mouse over the properties above to view their case study
 |
 |
Westminster
SW1
A long leasehold flat in a modern building in the heart of
Westminster, within easy reach of the House of Commons, and
also near to Victoria Station. The flat was acquired in late
1999 and has been let until recently to a diplomat.
| Purchase Price |
£280,000 |
| Stamp Duty |
£8,400 |
| Fees |
£8,225 |
| Total |
£296,625 |
| Rental PA |
£16,000 |
| Gross Return PA |
5.7% |
| Sold Spring 2004 |
£365,000 |
|
 |
|
Kensington
W8
A bright flat on the sixth floor of a modern building just
off Kensington High Street having London roof top views. The
apartment was acquired in the spring of 2004, it is in excellent
condition and will eventually be let. The estimated return
equates to gross letting returns being achieved in the current
market.
| Purchase Price |
£663,000 |
| Stamp Duty |
£26,250 |
| Fees |
£15,580 |
| Total |
£704,830 |
| Estimated Rental PA |
£33,800 |
| Estimated Gross Return |
4.8% |
|
 |
|
Knightsbridge
SW7
A well presented two bedroom flat in a prime location close
to Harrods. The flat was acquired in the summer of 1999, and
sold in the Autumn of 2003.
| Purchase Price (1999) |
£470,000 |
| Stamp Duty @ 2% |
£11,750 |
| Fees (agency/legal 2.5% +VAT) |
£13,800 |
| Total |
£495,550 |
| Rental Income PA |
£36,500 |
| Gross return PA |
7.4% |
| Sold 2003 |
£680,000 |
|
 |
|
Belgravia
SW1
A freehold family house in an excellent location close to
Eaton Square, acquired Autumn 1999 and is now let unfurnished
to a major investment bank.
| Purchase Price |
£1,675,000 |
| Stamp Duty @ 3.5% |
£58,625 |
| Fees (agency/legal + VAT) |
£39,000 |
| Total |
£1,772,625 |
| Rental Income PA |
£104,000 |
| Gross return PA |
8.9% |
| Current Value |
£2,100,000 |
|
 |
|
Kensington
SW7
A freehold building in a cul-de-sac off Queen's Gate, acquired
for clients during 1998. The building had been completely
refurbished, initially acquired with vacant possession of
12 units, we then acquired vacant possession of the whole
building giving 15 units which are let to a major corporate
institution. The building was sold following an approach from
an investor in 2003.
| Purchase Price |
£4,250,000.00 |
| Stamp Duty |
£85,000.00 |
| Fees (Agency/Legal 1.5% + VAT) |
£13,500.00 |
| Furnishing (approx) |
£135,000.00 |
| Total |
£4,545,000.00 |
| Rental Income PA |
£360,000.00 |
| Gross Return PA |
7.9% |
| Sold (2003) |
£5,800,000 |
|
|
|
