House For Sale £1,700,000
A Residential Investment Comprising a Mid Terrace House Internally Arranged to Provide Eight Self-Contained Studio Flats. When Fully Let on Nightly Rents the Total Combined Income is £147,825 Per Annum
description
The property comprises a mid terrace house over ground and three upper floors internally arranged to provide eight self-contained studio flats with a total combined gia of approximately 1,727 sq ft.
Tenure
Freehold
location
The property is situated on a residential road close to local shops and amenities. The open spaces of Kilburn Grange Park are within easy reach. Transport links are provided by Kilburn underground station (Jubilee line) and Kilburn High Road rail station.
Tenancy
The eight self-contained flats are currently let on a nightly basis with an income of £147,825 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 £115,204 per annum. The rent increases each year in line with the rpi. No break clause.
Accommodation
Ground Floor 3 x studio flats with en-suites, communal kitchen
First Floor 3 x studio flats with en-suites, communal kitchen
Second Floor Studio flat with en-suite
Third Floor Studio flat with en-suite
description
The property comprises a mid terrace house over ground and three upper floors internally arranged to provide eight self-contained studio flats with a total combined gia of approximately 1,727 sq ft.
Tenure
Freehold
location
The property is situated on a residential road close to local shops and amenities. The open spaces of Kilburn Grange Park are within easy reach. Transport links are provided by Kilburn underground station (Jubilee line) and Kilburn High Road rail station.
Tenancy
The eight self-contained flats are currently let on a nightly basis with an income of £147,825 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 £115,204 per annum. The rent increases each year in line with the rpi. No break clause.
Accommodation
Ground Floor 3 x studio flats with en-suites, communal kitchen
First Floor 3 x studio flats with en-suites, communal kitchen
Second Floor Studio flat with en-suite
Third Floor Studio flat with en-suite
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