Victorian freehold with immediate income and serviced-apartment upside near Earls Court station.
Income-producing freehold of 19 apartments (18 studios, 1 one-bed)
A rare freehold investment in Earls Court: a Victorian building arranged over four floors, currently producing strong income from 19 self-contained units (18 studios, 1 x 1-bed) totalling c.2,656 sq ft NIA. The asset benefits from an established short-let/AST hybrid operation, recent rebranding and upgrades that have driven a projected uplift in revenue to £472,590 for 2025/26 (up 11.5%) and a further modest rise to £480,090 in 2026/27.
Positioned on the corner of Philbeach Gardens, the property is minutes from Earls Court Underground (Circle, District, Piccadilly lines) — a major accessibility advantage for guests and tenants. An initial 5-year lease offer from a reputable serviced-apartment operator would secure £390,000 pa; the operator holds a Creditsafe score of 77 (Very Low Risk) and an international A rating, providing a clear low-risk management route for an incoming owner.
Buyer considerations are straightforward: the freehold is income producing now at £423,780 pa with credible projected growth, but the building sits on a small plot, in a very high crime area, and currently shows a single recorded bathroom across the schedule which may indicate guest/tenant amenity constraints or reporting aggregation. The investment is best suited to an operator or investor comfortable with short-let dynamics and inner-city management demands.
There is further potential to optimise income through professional asset management or a fully contracted serviced-apartment agreement, though any purchaser should factor in operational costs, licensing/short-let compliance and the neighbourhood’s higher crime profile when underwriting returns.
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