A rare multi-unit turnkey scheme has been launched in Knightsbridge, promising some pretty healthy-sounding returns.
The 37 Beaufort Gardens project, developed as a JV between Executec Limited and AR&V Investments Ltd, has delivered nine apartment “suites” (sized between 397 and 582 square feet) behind a period facade and just a couple of blocks away from Harrods.
Richard Lankester of London-based consultancy RLDC has been commissioned to design the interiors, and the result, says the bumf, is a spec “more usually associated with much larger developments”.
The units are absolutely ready to go and feature engineered oak plank and herringbone parquet flooring, Jacaranda Willingdon carpets, bespoke kitchens, living areas dressed with “soft creams and grey furnishings with statement bronze accents”, and ensuite bathrooms with mandarin stone mosaic marble flooring. The spec also includes air-con, under-floor heating, video entry, integrated SONOS music systems, and some pretty ingenious storage solutions (think built-in slots for Brompton bicycles). Some have terraces and on-street parking is available via RBKC permit.
Prices range from £975k to £1.725m – which works out at between £2,500 and £3,200 per square foot – and estimated current rental yields are said to be “approaching 4%”. Beauchamp Estates and Harrods Estates have been instructed and expect the proposition to attract investors and owner-occupiers alike…
Simon Barry, Director of New Developments at Harrods Estates: “37 Beaufort Gardens presents a unique opportunity for a savvy investor with a buy-to-let portfolio or for individuals to buy a slice of Prime Knightsbridge for under £1,725,000. Offering excellent value £ per sq. ft., and estimated rental yields approaching 4%, this turnkey development is in a league of its own, and is ready to move in to today.”
Paul Finch, Sales Manager of Beauchamp Estates: “37 Beaufort Gardens represents an excellent opportunity to secure property in one of London’s most prestigious areas, at an advantageous price. Whether buying for personal use, or for investment, as a single unit or several: the location and finish make each apartment highly livable and very desirable as a London home.”
Beauchamp Estates T. +44 (0)20 7499 7722
Harrods Estates T. +44 (0)20 7490 9001