6 January 2023
The Billionaire Network is proud to present these 25 luxury serviced apartments located in Mayfair London
Located on the western end of Shepherd Street, between Hyde Park and Green Park, prime Mayfair.
- Serviced apartment block forms part of a terrace and is arranged over seven storeys.
- Accommodation comprises 25 luxury serviced apartments providing a mix of 1-bed, 2-bed and 3-bed units in addition to a large 4- bed penthouse suite.
- Also contained within the property at basement and ground level is reception/lobby, meeting room, offices, guest WCs, gym and garage.
- Number of Serviced Apartments – 25
- Floor area 26,189 sq ft (GIA)
- Management accounts show 2022 turnover to achieve similar to 2019 (pre-COVID).
- Income pre-COVID Y/E 2019 – EBITDA £5.87m.
- Income Y/E 2022 (actual/projected) – EBITDA £5.6m.
- Based on this income 6.5% NIY
- Gerald Eve Valuation April 2022 at £85.150m
- Guide Price – £83.5 million plus buyer’s fees of 2% STC.
This is now closed.