191-199GLOUCESTER PLACE
LONDON NW1 6BU
1
191-199GLOUCESTER PLACELONDON NW1 6BU
PRIME CENTRAL LONDON RESIDENTIAL INVESTMENT OPPORTUNITY
191-199GLOUCESTER PLACE
LONDON NW1 6BU
191-199GLOUCESTER PLACE
LONDON NW1 6BU
32
� Impressive terrace of five adjoining period townhouses configured to provide 57 units.
� Overall Gross Internal Area 1,307 sq m (14,070 sq ft) including common parts.
� Current rent passing £1,258,402 per annum, occupied by 56 ASTs and 1 regulated tenant.
� House in Multiple Occupation (HMO).
� Recently refurbished to a high specification.
� Prime location between Regents Park, Marylebone and the West End, within the City Of Westminster.
� Both Baker Street London Underground Station (Travelcard Zone 1 – Central Line) and Marylebone Mainline Railway Station are within short walking distance.
� Opportunity to own a substantial income producing investment in Central London.
Units 57
Gross internal Area 1,307 sq m / 14,070 sq ft
Passing Rent £1,258,402 pa
Tenure Freehold
INVESTMENT SUMMARY
AN INCREASINGLY RARE OPPORTUNITY TO PURCHASE AN UNBROKEN TERRACE OF FIVE GRADE II LISTED, FREEHOLD BUILDINGS IN THE HEART OF PRIME CENTRAL LONDON.
191-199GLOUCESTER PLACE
LONDON NW1 6BU
191-199GLOUCESTER PLACE
LONDON NW1 6BU
54
The City Oxford StreetMarylebone High Street
Baker Street Underground
Marylebone Station
Regent’s Park FitzroviaLord’s Cricket
Ground
Not to scale - for identification purposes only
191-199GLOUCESTER PLACE
LONDON NW1 6BU
191-199GLOUCESTER PLACE
LONDON NW1 6BU
76
LOCATIONThe property is located in Marylebone, within the City of Westminster. To the north east of the property is the world famous Royal Regent’s Park. To the south is Oxford Street, London’s most popular shopping destination, and to the west is fashionable ‘Marylebone Village’, home to many destination restaurants and luxury boutique shops.
The property is located within the bounds of the Portman Estate, one of the oldest landed estates in London and dating back to the 16th century. The estate encompasses some 110 acres of prime property located between Oxford Street and Edgware Road, and extending north to Marylebone Road and east to Marylebone High Street.
Gloucester Place itself runs north/south, connecting Portman Square and Park Road. The property is situated to the north end of Gloucester Place, on its west side, close to the junction with Ivor Place.
Communications are excellent with London Underground Stations: Baker Street (Travelcard Zone 1 – Bakerloo & Jubilee line) situated 300 metres to the south and London Marylebone Mainline and Underground Station (Travelcard Zone 1 – Bakerloo) 300 metres to the south, providing quick access to Outer London and the northerly Home Counties.
MAYFAIR
MARYLEBONE
REGENT’S PARK
BAKER STREETREGENT’S PARK
EUSTON SQUARE
GOOGE STREET
OXFORD CIRCUS
LEICESTER SQUARE
WESTMINSTERWATERLOO
PICCADILLY CIRCUS
BOND STREET
MARBLE ARCH
HYDE PARK CORNER
KNIGHTSBRIDGE
HIGH STREET KENSINGTON
LANCASTER GATE
QUEENSWAY
ROYAL OAK
WARWICK AVENUE
MAIDA VALE
ST JOHN’S WOOD
SWISS COTTAGE
CAMDEN TOWN
CHALK FARM
MORNINGTON CRESCENT
KING’S CROSS ST PANCRAS
LONDON EUSTON
LONDON PADDINGTON
RUSSELL SQUARE
TOTTENHAM COURT ROAD
HOLBORN
WEST HAMPSTEAD
WESTBOURNE PARK
LADBROKE GROVE
NOTTING HILL GATE
HOLLAND PARK
HYDE PARK
GREEN PARK
ST JAMES’ PARK
PRIMROSE HILL
FITZTROVIA
KENSINGTON
LOWER BELSIZE PARK
COVENT GARDEN
KING’S CROSS
WESTWAY A40 MARYLEBONE ROAD A
501
EUSTON R
OAD
FIN
C
HLEY R
OA
D
A4
1
WE
LLIN
GTO
N RO
AD
A
41
ED
GW
AR
E R
OA
D
A5
MA
IDA
VA
LE
A5
PR
INC
E ALBERT ROAD
A5205
A50
3 C
AM
DE
N R
OA
D
OXFORD STREET
OXFORD
STRE
ET
EV
ER
SH
OLT
ST
RE
ET
A50
2
RE
GE
NT
ST
RE
ET
A4
00
PA
RK
LA
NE
A
420
2
BAYS WATER ROAD
KENSINGTO N ROAD A315
A5
20
0 Y
OR
K W
AY
HA
MILT
ON
TE
RR
AC
E
BA
KE
R S
TR
EE
T
A5205
191-199GLOUCESTER PLACE
LONDON NW1 6BU
Metropolitan
Journey times: tfl.gov.ukNot to scale - for identification purposes only
Circle
Bakerloo
Jubilee
Hammersmith & City
Wembley Park12 mins
Bond Street2 mins
Oxford Circus3 mins
Piccadilly Circus6 mins
Green Park4 mins
King’s CrossSt. Pancras
6 minsMarylebone
1 min
Paddington4 mins
Waterloo8 mins
Liverpool Street15 mins
Baker Street Underground
Not to scale - for identification purposes only
191-199GLOUCESTER PLACE
LONDON NW1 6BU
191-199GLOUCESTER PLACE
LONDON NW1 6BU
98
DESCRIPTIONThe property comprises five adjoining, mid-terrace Grade II listed Georgian town houses.
Accommodation is arranged over lower ground, ground and three upper floors. The property provides 57 units in total. There are 48 self contained studios; 7 non self-contained studios which all have access to their own separate bathrooms; and 2 one bedroom flats.
Each of the units has been refurbished to a high specification with quality en suite bathrooms, kitchens, fitted cupboards and spotlighting. The interior design and functionality of each unit is tailored to the tastes of the target occupier market, namely international students and young professionals.
A management office is located on the lower ground floor of No.197 and there are two laundry rooms, at 193 and 195 respectively.
RENTThe current passing rent is £1,258,402 per annum.
The one bedroom flat on the second floor in 195 Gloucester Place is occupied by a regulated tenant. All other units are occupied under ASTs.
Rents charged are inclusive of utilities and broadband use but exclusive of council tax.
The property offers rare ‘lock up and leave’ accommodation in Central London. Tenants are attracted by the convenience of the location, the secure self-contained units and management presence on site as well as the high specification of the accommodation itself.
PLANNING & LICENSINGThe property is Grade II listed.
The property is classified as a House in Multiple Occupation (HMO sui generis).
193, 197 and 199 require HMO licences. A new five year licence has recently been granted.
Not to scale - for identification purposes only
191-199GLOUCESTER PLACE
LONDON NW1 6BU
191-199GLOUCESTER PLACE
LONDON NW1 6BU
1110
13' x 10'3.96 x 3.05m
11'3'' x 10'3''3.43 x 3.12m
18'6'' x 7'5.64 x 2.13m
19' x 7'3''5.79 x 2.21m
11'6'' x 10'3''3.51 x 3.12m
12'6'' x 10'6''3.81 x 3.20m
7' x 5'6''2.13 x 1.68m
11'6'' x 10'3''3.51 x 3.12m
16'9'' x 10'9''5.11 x 3.28m
14' x 10'6''4.27 x 3.20m
17'3'' x 10'3''5.26 x 3.12m
Terrace19'3'' x 7'6''
5.87 x 2.29m
11'6'' x 10'3.51 x 3.05m
16'6'' x 10'9''5.03 x 3.28m
LOWER GROUND FLOOR GROUND FLOOR FIRST FLOOR SECOND FLOOR THIRD FLOOR
APPROX. GROSS INTERNAL AREA *2853 Ft ² - 265.03 M ²
191 GLOUCESTER PLACE NW1
N
* As Defined by RICS - Code of Measuring Practice
Illustration For Identification Only, Not to ScaleAll Calculations include Any/All Areas Under 1.5m Head Height.
B K Rwww.bkrfloorplans.co.uk
T: 0845 257 2023BKR 2014C
32
3121
2212
112
3
2B
1B
3B
1
APPROX. GROSS INTERNAL AREA *2841 Ft ² - 263.90 M ²
193 GLOUCESTER PLACE NW1
FIRST FLOOR
N
B K Rwww.bkrfloorplans.co.uk
T: 0845 257 2023BKR 2014C
* As Defined by RICS - Code of Measuring Practice
Illustration For Identification Only, Not to ScaleAll Calculations include Any/All Areas Under 1.5m Head Height.
Courtyard22'6" x 8'9"
6.86 x 2.67m
21'9" x 8'6.63 x 2.44m
11' x 10'6"3.35 x 3.20m
16' x 9'6"4.88 x 2.90m
14' x 11'6"4.27 x 3.51m
22' x 7'9"6.71 x 2.36m
17' x 14'6"5.18 x 4.42m
11'6" x 9'6"3.51 x 2.90m
11'6" x 9'6"3.51 x 2.90m
17' x 14'6"5.18 x 4.42m
Balcony
16' x 13'9"4.88 x 4.19m
11'3" x 9'6"3.43 x 2.90m
GROUND FLOORBASEMENT SECOND FLOOR THIRD FLOOR
B1
B2
B3
01
02
03
11
12
21
22
31
32
RoofTerrace
22'6" x 9'9"6.86 x 2.97m
11'3" x 9'6"3.43 x 2.90m
TENANCY SCHEDULEBlock
Apartment No.
FloorTenancy
TypeUnit Type Rent pw Rent PA
191 B1 B ASTSTUDIO WITH
TERRACE£395.00 £20,540
191 B2 B ASTSTUDIO WITH
TERRACE£395.00 £20,540
191 B3 B AST STUDIO £395.00 £20,540
191 1 Ground AST STUDIO £395.00 £20,540
191 2 Ground AST STUDIO £395.00 £20,540
191 3 Ground AST STUDIO £445.00 £23,140
191 11 1st AST STUDIO £395.00 £20,540
191 12 1st AST STUDIO £545.00 £28,340
191 21 2nd AST STUDIO £395.00 £20,540
191 22 2nd AST STUDIO £495.00 £25,740
191 31 3rd AST STUDIO £445.00 £23,140
191 32 3rd AST STUDIO £495.00 £25,740
£269,880
193 B1 B ASTSTUDIO WITH
TERRACE£395.00 £20,540
193 B2 B ASTSTUDIO WITH
TERRACE£395.00 £20,540
193 B3 B AST STUDIO £445.00 £23,140
193 1 Ground AST STUDIO £395.00 £20,540
193 2 Ground AST STUDIO £305.00 £15,860
193 3 Ground AST STUDIO £495.00 £25,740
193 11 1st AST STUDIO £305.00 £15,860
193 12 1st AST STUDIO £545.00 £28,340
193 21 2nd AST STUDIO £395.00 £20,540
193 22 2nd AST STUDIO £495.00 £25,740
193 31 3rd AST STUDIO £395.00 £20,540
193 32 3rd AST STUDIO £495.00 £25,740
£263,120
195 B1 B ASTSTUDIO WITH
TERRACE£395.00 £20,540
195 B2 B AST STUDIO £395.00 £20,540
195 B3 B AST STUDIO £395.00 £20,540
195 1 Ground AST STUDIO £545.00 £28,340
195 2 Ground AST STUDIO £545.00 £28,340
195 11 1st ASTONE BEDROOM
FLAT£695.00 £36,140
195 21 2nd REGULATEDONE BEDROOM
FLAT£120.00 £6,240
195 31 3rd AST STUDIO £395.00 £20,540
195 32 3rd AST STUDIO £495.00 £25,740
£206,960
BlockApartment
No.Floor
Tenancy Type
Unit Type Rent pw Rent PA
197 B1 B ASTSTUDIO WITH
TERRACE£395.00 £20,540
197 B2 B ASTSTUDIO WITH
TERRACE£395.00 £20,540
197 B3 B AST STUDIO £395.00 £20,540
197 1 Ground AST STUDIO £345.00 £17,940
197 2 Ground AST STUDIO £305.00 £15,860
197 3 Ground AST STUDIO £495.00 £25,740
197 11 1st AST STUDIO £305.00 £15,860
197 12 1st AST STUDIO £545.00 £28,340
197 21 2nd AST STUDIO £395.00 £20,540
197 22 2nd AST STUDIO £495.00 £25,740
197 31 3rd AST STUDIO £395.00 £20,540
197 32 3rd AST STUDIO £495.00 £25,740
£257,920
199 B1 B ASTSTUDIO WITH
TERRACE£395.00 £20,540
199 B2 B ASTSTUDIO WITH
TERRACE£395.00 £20,540
199 B3 B AST STUDIO £395.00 £20,540
199 1 Ground AST STUDIO £395.00 £20,540
199 2 Ground AST STUDIO £305.00 £15,860
199 3 Ground AST STUDIO £495.00 £25,740
199 11 1st AST STUDIO £305.00 £15,860
199 12 1st AST STUDIO £545.00 £28,340
199 21 2nd AST STUDIO £395.00 £20,540
199 22 2nd AST STUDIO £495.00 £25,740
199 31 3rd AST STUDIO £395.00 £20,540
199 32 3rd AST STUDIO £495.00 £25,740
£260,520
£1,258,401
191-199GLOUCESTER PLACE
LONDON NW1 6BU
191-199GLOUCESTER PLACE
LONDON NW1 6BU
1312
Unit B113' x 10'6''
3.96 x 3.20m
Unit B212'6'' x 10'3''3.81 x 3.12m
Unit B313'6'' x 9'9''
4.11 x 2.97m
Vault Vault
Unit 214' x 13'
4.27 x 3.96m
Unit 117'3'' x 10'6''5.26 x 3.20m
Unit 1117' x 14'
5.18 x 4.27m
RearUnit 11
10'6'' x 7'6''3.20 x 2.29m
Courtyard18' x 6'3''
5.49 x 1.90m
Unit 2217' x 14'
5.18 x 4.27m
Unit 2110'9'' x 10'6''3.28 x 3.20m
Unit 3217' x 10'9''
5.18 x 3.28m
Unit 3110'9'' x 10'6''3.28 x 3.20m
APPROX. GROSS INTERNAL AREA *2778 Ft ² - 258.08 M ²
(Including Vault)
195 GLOUCESTER PLACE NW1
B K Rwww.bkrfloorplans.co.uk
T: 0845 257 2023BKR 2015C
* As Defined by RICS - Code of Measuring Practice
Illustration For Identification Only, Not to ScaleAll Calculations include Any/All Areas Under 1.5m Head Height.
LOWER GROUND FLOOR GROUND FLOOR FIRST FLOOR SECOND FLOOR THIRD FLOOR
N
APPROX. GROSS INTERNAL AREA *2862 Ft ² - 265.90 M ²
197 GLOUCESTER PLACE NW1
N
BASEMENT FLOOR
B K Rwww.bkrfloorplans.co.uk
T: 0845 257 2023BKR 2015C
* As Defined by RICS - Code of Measuring Practice
Illustration For Identification Only, Not to ScaleAll Calculations include Any/All Areas Under 1.5m Head Height.
17'3'' x 13'9''5.26 x 4.19m
11'3'' x 11'3.43 x 3.35m
17' x 13'5.18 x 3.96m
12'6'' x 10'6''3.81 x 3.20m
17' x 13'5.18 x 3.96m
12'6'' x 9'9''3.81 x 2.97m
14'9'' x 12'9''4.50 x 3.89m
11'6'' x 11'3.51 x 3.35m
15' x 7'4.57 x 2.13m
12'9'' x 10'9''3.89 x 3.28m
11' x 10'6''3.35 x 3.20m
15' x 7'4.57 x 2.13m
Vault10'3'' x 8'9''
3.12 x 2.67m
Vault10'3'' x 7'3''
3.12 x 2.21m
GROUND FLOOR FIRST FLOOR SECOND FLOOR THIRD FLOOR
Courtyard
B1
B2
B3
01
02
03
11
12
21
22
31
32
APPROX. GROSS INTERNAL AREA *2736 Ft ² - 254.21 M ²
(Including Vault 2)
199 GLOUCESTER PLACE NW1
FIRST FLOOR
N
B K Rwww.bkrfloorplans.co.uk
T: 0845 257 2023BKR 2015C
* As Defined by RICS - Code of Measuring Practice
Illustration For Identification Only, Not to ScaleAll Calculations include Any/All Areas Under 1.5m Head Height.
Unit 3217' x 14'9"
5.18 x 4.50m
Unit 3111' x 10'
3.35 x 3.05m
Unit 2216' x 14'3"
4.88 x 4.34m
Unit 2111' x 9'9"
3.35 x 2.97m
Unit 1216' x 14'6"
4.88 x 4.42m
Unit 1111'3" x 9'9"
3.40 x 2.90m
Unit 314'9" x 11'9"4.50 x 3.58m
Vault 2 Vault 1
Unit 115'3" x 7'
4.65 x 2.13m
Unit B313' x 10'3"
3.96 x 3.12m
Unit B211' x 10'9"
3.35 x 3.28m
Unit B122'3" x 7'
6.78 x 2.13m
GROUND FLOORLOWER GROUND FLOOR SECOND FLOOR THIRD FLOOR
Courtyard23' x 9'9"
7.01 x 2.97m
B1
B3
B2
3
1
2
12
11
22
21
32
31
Unit 211'3" x 9'9"
3.40 x 2.90m
Not to scale - for identification purposes only
191-199GLOUCESTER PLACE
LONDON NW1 6BU
191-199GLOUCESTER PLACE
LONDON NW1 6BU
1514
PRIME CENTRAL LONDON OVERVIEWOver the past five years, Prime London has been the strongest performing UK residential market, with average values currently 30.8% above 2010 levels. Following the General Election sentiment has continued to improve and demand has notably increased.
The prime rental market saw rents rise by 2.7% during 2014. This is the highest annual growth since September 2011. The strongest market has been for smaller properties in Central London. Prime one bedroom units have delivered above average, annual rental growth of 3.1%. This has been predominantly due to reduction of corporate budgets for employees. However, Central London locations remain popular, and so demand has risen in the micro-studio market. This is expected to be a trend that will continue as the strengthening London economy and the continued expansion of sectors such as technology and telecommunications will underpin demand for prime rental property.
London is forecast to benefit from robust capital growth with Savills Research forecasting 22.7% growth over the next five years and 17.1% increase in Prime Central London rents. This will be driven by the long term under supply of residential accommodation.
CENTRAL LONDON FORECASTSCapital Values: Prime London
2015 2016 2017 2018 2019 5 years
-0.5% 7% 5.5% 4.5% 4.5% 22.7%
Rents: Prime London
2015 2016 2017 2018 2019 5 years
2.5% 3% 3.5% 3.5% 3.5% 17.1%
16
191-199GLOUCESTER PLACE
LONDON NW1 6BU
TENUREThe property is held freehold.
VIEWINGSViewings are strictly by appointment only through
the selling agents Savills.
METHOD OF SALEThe property is offered for sale by private treaty.
Single offers are sought for the freehold interest subject to the existing tenancies.
Should a closing date be set for the submission of offers, all parties who have expressed an interest
will be advised accordingly.
FURTHER INFORMATIONA full dataroom can be found at:
www.savills.com/gloucesterplace
Please register for access.
EPCs can be found there.
CONTACTSJames Laverack
+44 (0) 20 7016 3770 +44 (0) 7807 999 156 [email protected]
Davina Clowes +44 (0) 20 7016 3838
+44 (0) 07967 555 833 [email protected]
Adam Alster +44 (0) 20 3043 3607 +44 (0) 7812 965 362 [email protected]
Important Notice: Savills, their clients and any joint agents give notice that:
1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract
and must not be relied upon as statements or representations of fact.
2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning,
building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
Designed and Produced by Savills Commercial Marketing: 020 7499 8644
June 2015