Property description
Guide Price = £425,000+
*For Sale By Online PublicAuction 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 £77,740 per annum (assuming full occupancy each night).
Note
Open House Viewings:
Viewing Schedule (No Booking Required)
Wednesday 28 February 2024 10:00 AM - 10:30
Friday 1 March 2024 10:00 AM - 10:30
Tuesday 5 March 2024 10:00 AM - 10:30
Thursday 7 March 2024 10:00 AM - 10:30
Monday 11 March 2024 10:00 AM - 10:30
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