Auction House London Estate Agent in NW3 6AL

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020 7625 9007

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33 bed property

Available

For Sale

Listed Feb 27, 2024

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£1,650,000

Available

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020 7625 9007

By Auction House London

Description

" Guide Price £1,650,000

For Sale By Public Auction 7th February 2024 08 45 AM To inspect the legal documents for this property go to our website to download the legal pack

A Substantial Terraced HMO Arranged to Provide 33 x Studio Rooms Producing a Net Income of £165,000 Per Annum

Tenure
Freehold

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Grange Park are within easy reach. Transport links are provided by Longport rail station.

Description
The property comprises a substantial terraced HMO arranged to provide thirty three studio rooms over the ground and first floors.

Accommodation
33 x Studio Rooms each with En Suites and Kitchenettes
2 x Communal Reception Rooms
4 x Communal Kitchens
2 x Offices
2 x Laundry Rooms

Exterior
The property benefits from eighteen car spaces.

Tenancy
The property is subject to a lease for a term of 5 years to Above N Beyond Ltd commencing 23rd August 2023 at a rent of £165,000 per annum. There is a 3 year break clause with 6 month‘s notice. The tenant is responsible for utility and maintenance costs, taxes and rates payable.

Viewing Schedule Booking Required

Thursday 25 January 12 00 12 30
Tuesday 30 January 12 00 12 30 "