Block of flats for sale in Harlesden Road, London NW10

Investment Consideration:
Gross Initial Yield: 7.15%
Rental Income: £150,216 p.a.
VAT is not applicable to this property
Comprises semi-detached 14-bed fully licensed HMO (up to 25 people max)
All rooms are en-suite with 2 shared kitchens on each floor and a laundry room
Property benefits from parking at front for up to 3 cars and a large communal garden at rear
Development potential to convert into residential dwelling and/or extend into the loft, subject to obtaining the necessary consents
The property is situated on quiet residential street within 0.6 miles from Harlesden and Willesden High Streets and Underground Stations

Property Description:
The property comprises semi-detached building arranged as a 14 Bedroom HMO. All rooms are en-suite with shared kitchen and laundry room. The property benefits from parking at front suitable for up to 3 cars and a large garden at rear, providing the following accommodation and dimensions:
Ground Floor: 8 En-Suite Rooms, Large Communal Kitchen and Laundry Room
First Floor: 6 En-Suite Rooms, Communal Kitchen
Total area size: 408 sq m (4,392 sq ft)

Development potential to convert into residential dwelling and/or extend into the loft, subject to obtaining the necessary consents.

Tenancy:
Room 1 is at present let on AST to an Individual for a term of 12 months from 3rd March 2021 at a current rent of £10,800 p.a. Deposit held of £900.
Room 2 is at present let on AST to an Individual for a term of 12 months from 19th February 2022 at a current rent of £11,700 p.a. Deposit held of £1,250.
Room 3 is at present let on AST to an Individual for a term of 12 months from 1st July 2022 at a current rent of £11,100 p.a. Deposit held of £1,067.30.
Room 4 is at present let on AST to an Individual for a term of 12 months from tbc at a current rent of £9,000 p.a.
Room 5 is at present let on AST to an Individual for a term of 12 months from 24th May 2021 at a current rent of £14,400 p.a. Deposit held of £1,200.
Room 6 is at present let on AST to an Individual for a term of 12 months from 28th February 2021 at a current rent of £10,192 p.a. Deposit held of £980.
Room 7 is at present let on AST to an Individual for a term of 12 months from tbc at a current rent of £9,600 p.a.
Room 8 is at present let on AST to an Individual for a term of 12 months from 1st September 2022 at a current rent of £ 11,400 p.a. Deposit held of £1,096.15.
Room 9 is at present let on AST to an Individual for a term of 12 months from 21st January 2022 at a current rent of £12,600 p.a. Deposit held of £1,050.
Room 10 is at present let on AST to an Individual for a term of 12 months from 8th July 2020 at a current rent of £10,244 p.a. Deposit held of £985.
Room 11 is at present let on AST to an Individual for a term of 12 months from 11th February 2022 at a current rent of £11,400 p.a. Deposit held of £1,096.15.
Room 12 is at present let on AST to an Individual for a term of 12 months from 29th October 2022 at a current rent of £9,600 p.a. Deposit held of £923.
Room 13 is at present let on AST to an Individual for a term of 12 months from 2nd August 2021 at a current rent of £8,580 p.a. Deposit held of £825.
Room 14 is at present let on AST to an Individual for a term of 12 months from 13th July 2022 at a current rent of £9,600 p.a. Deposit held of £800.

Location:
Harlesden is an up-and-coming residential area known for its multicultural vibe, with a buzzing dining scene encompassing Caribbean, Brazilian, and Lebanese cuisines. Its busy High Street offers take-out restaurants and international grocery stores, plus the cast-iron Jubilee Clock, a late-19th-century landmark. The property is situated on quiet residential street within 0.6 miles from Harlesden and Willesden High Streets and Underground Stations. Bus services are available within 1 min walk on Robson Avenue, providing direct links to both Willesden and Harlesden.