Ealing, to the west of London, is the capital's third largest borough. Ealing has unique characteristics akin to suburban developments and inner-city projects. The vast majority of this major metropolitan region falls within the W5 postcode.
Approximately 300,000 people reside in the area which has superb accessibility to London City and amenities such as Westfield Shopping Centre and several sporting venues. Heathrow Airport, the second busiest in the world, is a 25-minute journey from The Cube by tube from South Ealing Station.
Bus services run through Ealing frequently and a 24/7 service is available on routes 65, 297 and E1.
We expect the property to reach full occupancy for the 2017/18 academic year producing a gross income of £1,286,883 and a net operating income of £1,121,183 after allowance for operating costs of £2,124 per bedroom.
Offers are invited in excess of £21,250,000 (Twenty One Million, Two Hundred and Fifty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 4.95%, allowing for purchaser's cost of 6.13%.