19 Leinster Mews, London, W2

 

Purchased: June 2010

Sold: November 2012

Client: Private HNW

Funding: Ungeared / Cash

Equity Multiple: 1.4x

The property is located in one of Bayswater’s most exclusive mews a short distance from the amenities of Bayswater and Lancaster Gate. Situated equidistance between vibrant Notting Hill Gate and Oxford Street in close proximity to Queensway and Lancaster Gate underground stations and less than 5 minutes walk to Kensington Gardens.

When acquired the property was mixed use and in a dilapidated condition, the ground floor was a former car dealership with a small residential apartment on the first floor. Planning permission was granted for change of use to a single dwelling house with an increase of floor space to 2,400 sq ft from 1,800 sq ft. After a short marketing period the property was sold to a director of Deloitte.

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Kensington Park Hotel, London W10