House For Sale £1,200,000
Description
The property comprises an end of terrace house over ground and first floors internally arranged to provide five self-contained studio flats with a total combined gia of approximately 1,227 sq ft.
A Residential Investment Comprising an End of Terrace Building Arranged to Provide Five Self-Contained Studio Flats. When Fully Let on Nightly Rents the Total Combined Income is £105,120 Per Annum
The five self-contained flats are currently let on a nightly basis with an income of £105,120 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 £81,923 per annum. The rent increases each year in line with the rpi and there is no break clause.
The property is situated on a residential road close to local shops and amenities. The open spaces of King Edward VII Park are within easy reach. Transport links are provided by North Wembley underground station (Bakerloo line) and North Wembley rail station.
The property comprises an end of terrace house over ground and first floors internally arranged to provide five self-contained studio flats with a total combined gia of approximately 1,227 sq ft.
A Residential Investment Comprising an End of Terrace Building Arranged to Provide Five Self-Contained Studio Flats. When Fully Let on Nightly Rents the Total Combined Income is £105,120 Per Annum
The five self-contained flats are currently let on a nightly basis with an income of £105,120 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 £81,923 per annum. The rent increases each year in line with the rpi and there is no break clause.
The property is situated on a residential road close to local shops and amenities. The open spaces of King Edward VII Park are within easy reach. Transport links are provided by North Wembley underground station (Bakerloo line) and North Wembley rail station.
