8 bedroom block of flats for sale

This is an ideal opportunity to secure a freehold residential investment asset with further development potential in a thriving West London location. The property comprises four warehouse-style, two-bedroom self-contained apartments, all currently let on ASTs. Originally a warehouse, the building has been converted and is now arranged over four floors, including the ground floor and three upper floors. The current income is 95,940 per annum across the four ASTs.The asset also benefits from additional development potential, with previously approved planning under reference 215916FUL for a new two-bedroom apartment. This consent has now lapsed as of February 2025. The current owners fully renovated the entire building to a high standard approximately three years ago, and the property also benefits from air conditioning. Maintenance costs remain low, with the asset currently managed at a competitive management fee of 4%. Location Situated in the heart of West Ealing (W13 0UQ), the property benefits from excellent connectivity and strong residential appeal. West Ealing railway station is just a short walk away, providing swift Elizabeth line services to Central London, Heathrow Airport and Reading, with journey times to London Paddington station in under 15 minutes. The area is also well served by multiple bus routes and excellent road connections, including the A40 and M4, providing convenient access across West London and beyond. West Ealing offers a vibrant mix of independent cafs, restaurants, shops and supermarkets, while nearby Ealing Broadway provides an extensive range of retail, dining and leisure amenities. The area further benefits from attractive green open spaces, including Walpole Park and Lammas Park, enhancing its family-friendly appeal and underpinning strong ongoing tenant demand.