A Grade II Listed white stucco building, neglected as a tourist hostel, MHA is looking to restore these three adjoining freehold buildings back to their former glory acquiring change of use from its status as a hostel into 15 stunning residential apartments.
“Bayswater can be baffling. We saw it as an undervalued area, its proximity to the park definitely not reflected in its price per square foot and thus there was a long-term play to be made. We sold a handful of apartments off plan achieving over £2500psf and are presently building out the rest to retain under our portfolio. We expect good capitalisation from this neighbourhood in years to come.”