33% BMV HOUNSLOW, LONDON
Gross Development Value :
Achievable Rental Income:
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Hotkey Invest are proud to bring to the market this Apartment block in Hounslow, London.
The development consists of 5 x 1 bedroom apartments and 1 x 2 bedroom apartment.
All 6 apartments have been finished to a high standard, with double glazing, electric boiler and radiators throughout. The total square meter area for all apartments is 309 square meters. please see the below link to the floor plans for individual sizing.
The Gross development value has been estimated at CIRCA £1,500,000.
We have had a local estate agent appraise the properties.
See below the estimated market values after the sprinkler system has been fitted
1 bedroom apartments (flat 5 and 6 single rooms): £230,000 per apartment.
1 bedroom apartments (flat 1, 2 and 3): £260,000 per apartment.
2 bedroom apartment: £290,000
Each apartment has access to its own private parking space with 6 available for the whole development.
The Apartment block requires a sprinkler system fitting to the property at circa £50,000 in order to pass the Fire regulations.
This is due to the road leading to the property being deemed too small for a fire engine to gain access.
The development is currently unmortgageable until the sprinkler system has been fitted, due to this we have negotiated a delayed completion in order to have the system fitted.
This investment is in prime location near to both Heathrow airport and Twickenham Stadium.
Please see below links to floor plans, Valuations, Fire safety report
Viewings available to qualified investors only.
5 x 1 bedroom apartments
1 x 2 bedroom apartments
6 parking spaces
33% Below Market Value
(based on single family let)
We insist any interested parties must satisfy themselves as to the accuracy on any information they receive by carrying out independent assessments or otherwise before making any commitment to participate. Click here for full disclaimer