Investment Opportunity

Mackennal Street, St John's Wood, NW8 7DH. £4,200,000 (subject to contract).

Mackennal Street, St John's Wood, NW8 7DH.

Planning has been granted for the demolition of existing building and redevelopment to provide a new five storey building plus basement to create 2 x 4 bed luxury houses (approx 9000 sq ft) and integral garage. The current building is let on a 3 year lease (with one year break clause from Oct 2008) to a fitness club operator for £85,000 pa (so the building is not left empty & rent covers empty rates etc). Plans available on request.

For further information:

Daniel Reuben or Ben Levy (subject to contract).