A prime residential investment opportunity in the heart of Hampstead, London, has been brought to market with a price tag of £20m.
Knight Frank has been appointed by 38 Heath Drive Investment Holdings to launch the sale of the luxury apartment block at 38 Heath Drive, which comprises 21 high-end units.
The freehold detached residential building, which was developed in 2017, is situated on a 0.38-acre site. The asset offers a mix of one-, two- and three-bedroom apartments, including five duplex units.
The building is currently fully let and generates annual income of £943,541 with an estimated rental price exceeding £1,000,000 per annum.
Harrison Collins, a partner in the residential investment team at Knight Frank, said: “This opportunity represents a rare chance to acquire an unbroken freehold block in one of London’s most sought-after locations. The property’s strong rental performance and potential for further growth, make it an attractive proposition for investors looking to capitalise on the robust demand for high-quality residential assets.
“Due to Hampstead’s village-like atmosphere, proximity to Hampstead Heath and excellent transport links, Hampstead continues to attract not only investors, but both domestic and international residents too.”
