Knightsbridge flat for sale for £3.75 million in spite of needing complete renovation and having a lease with just 9 years remaining
A lateral flat – with an interior that could be described as ‘Miss Havisham-esque’ in terms of its faded grandeur – at 16/17 Ennismore Gardens, SW7 has gone on sale for £3.75 million ($4.89 million, €4.36 million or درهم17.96 million).
Comprising of a first floor balcony flat of 3,111 square foot and a fifth floor staff or guest flat of 488 square foot, the 3,559 square foot property offered has a total of 3 reception rooms, 3 bedrooms and 3 bathrooms. It is within a Grade II listed building and described by selling agents Hobart Slater as being “potentially one of the finest apartments in Ennismore Gardens”.
The catch? There are just nine years left on the lease and though this could be extended, purchased at asking price it effectively equates to a cost of £417,000 per year ($544,000, €485,000 or درهم2 million per year). A further expense comes in the form of a service charge of £17,672 per year ($23,033, €20,554 or درهم84,641 per year) also.