Rosary Gardens

An exciting opportunity to acquire a third floor 668 sqft (62 sqm), top floor, two bedroom flat needing modernisation with a west facing balcony.

Rosary Gardens is situated off The Old Brompton Road and is within a short walking distance of Gloucester Road underground station.

The property currently has a long term tenant who has been there for over 30 years. He is not a regulated tenant but continues to pay just £90 per week. The tenant believes he has the right to stay indefinitely. What is required is that one either has to get a court order to remove him or get a rent officer to increase his rent to a more reasonable level in line with what the tenant believes he is which is a regulated tenant.

There is scope for a rent increase or vacant possession in due course.

Tenure: Share of Freehold (991 years)
Service Charge: £2,800 per year