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5 bed Terraced property

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For Sale

Listed Mar 12, 2024

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£425,000

Available

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020 7625 9007

By Auction House London

Description

" Guide Price £425,000

For Sale By Public Auction 12th March 2024 08 45 AM To inspect the legal documents for this property go to our website to download the legal pack

A Residential Investment Comprising Five Self Contained Studio Flats. When Fully Let on Nightly Rents the Total Combined Income is £77,740 Per Annum.

Tenure
Leasehold. The property is held on a 99 year lease from 29th September 1992 thus approximately 67 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.

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.

Tenancy
The five self contained flats are currently let on a nightly basis with an income of £77,000 per annum assuming full occupancy each night .

Open House Viewings
Viewing Schedule No Booking Required "