7 bedroom house for sale
Key information
Property description & features
A superb Freehold Residential and Ground Rent Investment 7 self-contained studio flats. Currently on a 10 year lease from June 2022 to a housing association. This provides £100,900 per annum income with NO MAINTENANCE liability. providing a net yield of 6.7%.
View the virtual tour first, although there have beeen improvements since it was filmed. Early viewing and negotiation is recommended.
A Freehold Residential and Ground Rent Investment Comprising a Shop (Sold off on a Long Lease) and Seven Self-Contained Studio Flats. When Fully Let on Nightly Rents the Total Combined Income is £126,560.10 Per Annum.
Description - The property comprises a mid terrace building arranged to provide a ground floor shop and seven self contained studio flats on the two upper floors with a total combined GIA of approximately 1,799 sq ft.
Tenure - Freehold
Location - The property is situated on Willesden Lane 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.
Exterior - The property benefits from a rear garden and a terrace at the second floor.
Tenancy - The seven self-contained flats are currently let on a nightly basis with an income of £126,560.10 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 £98,632 per annum. The rent would increase each year in line with the RPI and there is no break clause.
Accommodation - Ground FloorCommercial unit (sold off on a 999 year lease), 2 x studio flats with en-suites
First Floor3 x studio flats with en-suites
Second Floor2 x studio flats both with en-suites and balcony.
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Broadband availability and predicted speed: obtained from Ofcom on March 7, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on March 7, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on January 23, 2018 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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