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Residential development for sale

Fleet Road, London
Residential development
6 beds
Added < 14 days

Features and description

  • Tenure: Leasehold (87 years remaining)
  • 2
  • 6
  • 1
  • Residential Development
  • Hmo
  • Leasehold with approximately 87 year(s) remaining
A registered HMO investment property for sale, situated above commercial premises in the sought-after location of South End Green, on the corner of Fleet Road and Agincourt Road. This prime location is close to Parliament Hill Park and Hampstead Village, offering excellent transport links, Hampstead Heath, and a vibrant café culture right on its doorstep.

The property is a spacious two-floor maisonette spanning 1,651 sq ft and comprises of six bedrooms, one reception room with kitchen, a separate eat-in kitchen, a roof terrace, a bathroom with bath, shower and toilet, a separate toilet and an additional shower room. It holds an HMO license for nine occupants but is currently let to six tenants, providing a clear opportunity to improve the rental yield.

The current annual rental income is £71,890.

Planning was granted in March 2023 to convert the maisonette into three self contained two bedroom, 2 bathroom flats which has the added advantage of changing the planning status to C3, subject to Freeholders consent. further information on request.

The property is held on a leasehold with just under 88 years remaining, and the vendor has already begun discussions regarding a potential lease extension.

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About this agent

Goldschmidt & Howland - Hampstead
Goldschmidt & Howland - Hampstead
15-17 Heath Street Hampstead, London NW3 6TR
020 8022 7302
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Goldschmidt & Howland Estate Agents are the leading professional Sales and Lettings Agency in
the North, North West and West London areas. Specialising in property for sale, property for
rent, property developments, property management and a range of property services. Having
been established since 1888 we have a unique understanding of the areas we cover a... Show more
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