Terraced house for sale in Kilburn High Road, London NW6
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Property features
- Excellent refurbishment or conversion opportunity
- Within walking distance to Willesden Green station
- Off street parking
- Potential ability to extend
Property description
*For sale via secure sale online bidding: Terms and conditions apply.*
A Residential Investment Comprising 3 flats 900+ year leasehold Self-Contained Studio Flats. Rented to Brent Council at around £121,000 per annum, providing a gross yield of 7.56%.
Early viewing is recommended.
A Residential Investment Comprising 3 flats 900+ year leasehold Self-Contained Studio Flats.
Description
The property comprises five self-contained studio flats arranged over first and second floors with a total gia of approximately 1,264 sq ft. The flats have their own rear entrance.
Tenure
Leasehold - The property is held on a 99 year lease from 29th September 1992 (thus approximately 70 years unexpired). At the buyer's request and costs a section 42 notice to extend the lease will be served prior to completion, the rights of which would be assigned to the incoming buyer.
Location
The property is situated on Kilburn High Road close to local shops and amenities. The open space of Kilburn Grange Park is within easy reach. Transport links are provided by Kilburn underground station (Jubilee line) and Kilburn High Road rail station.
Tenancy
The five self-contained flats are currently let on a nightly basis with an income of £68,057.90 per annum (assuming full occupancy each night). There is an option to let the building on a single rpi lease to a housing association for a term of 10 years commencing September 2021 at a rent of £53,039 per annum. The rent increases each year in line with the rpi and there is no break clause.
Accommodation
First Floor3 x studio flats with en-suites
Second Floor2 x studio flats with en-suites
Property info
For more information about this property, please contact
Thomas & May, Surrey, RH1 on +44 1737 483601 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Thomas & May, Surrey, and do not constitute property particulars. Please contact Thomas & May, Surrey for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.