Block of flats for sale in Finchley Road, London NW3

A rare opportunity to acquire a newly converted residential building in Finchley, London NW3.

• The property is located in a highly sought after area, equidistant to Hampstead, West Hampstead, Finchley Road & Golders Green Underground Stations, thus providing excellent connectivity.

• Arranged as 9 studio apartments benefitting from HMO (Sui Generis) use. Planning was received in April 2024. London Borough of Camden ref: 2023/3121/P.

• Measuring approximately 2,486 sq ft gia.

• The apartments have recently been launched on the open market with a local agent and are available to let for rents between £1,400 - £1,750 per month.

• Two of the apartments have access to a private patio, the remaining have the benefit of a shared garden.

• The Estimated Rental Value (erv) is in the region of £175,000 per annum.

• The erv based on the Local Housing Allowance rate would equate to approximately £155,088 per annum.

• Vacant possession.

• Freehold.

• Offers in Excess of £1,850,000 (One Million, Eight Hundred & Fifty Thousand Pounds) subject to contract. Reflecting a gross yield of 9.46% against the erv.