Westbourne Gardens

Bayswater W2

Price

£8.4 million

Date Sourced

April 2011

The client

Back

The Client

An African Investor

The Challenge

Our client had recently sold his business and was looking to invest £20 million into the prime Central London property market. We were tasked with building an investment portfolio for our client.

The Perfect Conclusion

We secured this freehold building with a lift and 8 self contained newly refurbished flats. We also managed to secure a 3 year rental agreement for £450,000 per annum, with no agency fees, resulting in a net yield of 5.3%. The acquisition price of £8.4m is just over £1000 per sq foot. Similar flats were achieving between £1200 - £1400 per sq ft just 2 blocks down, showing good signs for capital appreciation.

We’re ready when you are

We would be delighted to hear from you to discuss your own property requirements. For a non-obligatory consultation, please contact us.

WE COME HIGHLY RECOMMENDED

We find exceptional homes that others cannot.

Mr and Mrs D May 19, 2025

Thank you so much for helping us clarify exactly what it was we were looking for in a property. In addition, for searching out this beautiful house for us, working with you guys at Black Brick, particularly you Tom, has made this search for a new home such a pleasure, and just as importantly, great fun for us. Thank you also for introducing us to all of the brilliant people who have been guiding us and organising so much behind the scenes leading us through the complicated buying process so calmly getting us to this point. We’re so grateful to everyone involved who has been professional but very approachable. We’ve both been so impressed with the meticulous and painstaking work of each person in their own area of expertise. Everyone at each stage of the process has been remarkable. Every step has been smooth, efficient, and seemingly stress free (for us!).

Scott King, Trustee. June 06, 2025

After 15 years of engaging with a number of property management service providers, I have found the perfect manager and will not be looking back! Black Brick have London’s pre-eminent property managers and the quality, consistency, and knowledge that they team bring to the table is unsurpassed. Whether it be managing relationships with letting agents, tenants, suppliers or contractors, Black Brick’s property manager’s provide unsurpassed service and make my life remarkably easy when it comes to overseeing my property portfolio. – Scott King, Trustee.