Recently completed high specification new build development overlooking the grand
union canal.
Twelve apartments over ground to fifth floors and ten parking spaces set behind
electronic gates.
Within the Portobello Dock mixed use development on the site of the old Virgin
headquarters.
ERV on residential units equals £431,340 equating to a 4% gross yield on purchase.
Leasehold (999 years from 2008) -
Portobello Lofts is a recently completed high specification new build development overlooking the grand union canal
and located within the Portobello Dock regeneration area. The property comprises twelve apartments over ground
to fifth floors and ten parking spaces. The building is currently configured to provide two studio apartments, six two
bedroom apartments and four three bedroom apartments. All of the two and three bedroom apartments have en-suite
bathrooms and the majority of the apartments have outside space. The penthouse apartment benefits from a very large
triple aspect wrap around terrace.
The building is set behind electronic gates with an interlinking bridge over the canal and was designed to compliment a
mixed use scheme set around a large cobbled courtyard area surrounding the canal basin. It is safe to assume that this
area will be utilised by a high profile restaurateur, which, once finalised, will significantly raise the profile of the scheme
and the surrounding area.
Portobello Lofts is located on Kensal Road, to the north of Ladbroke Grove and south of Harrow Road. The Portobello
Dock development was created by Derwent London as part of the extensive redevelopment of the former Virgin
headquarters. Transport links to the property include Kensal Green underground station (Bakerloo Line) which is only
0.7 miles away and Kensal Rise national rail station just 0.8 miles away.
