House For Sale £1,700,000
Strapline
Auction Sale - 04/10/2022
Two substantial mid terrace properties, arranged as 6 x Self-contained studio flats and 6 x non self-contained bedsits with kitchenettes and communal bathrooms, over two floors, well located for the amenities and transport links of West Hampstead, with further extension / development potential subject to requisite consents. Investment let at £120,876 per annum.
Description
Two substantial mid terrace properties arranged over two floors with an approximate gross internal area of 2200 sq ft.
The properties are arranged as 6 x Self-contained studio flats and 6 x non self-contained bedsits with kitchenettes and communal bathrooms.
Further extension / development potential subject to requisite consents.
Investment let at £120,876 per annum. Please note Room 2,99 and Room 2,101 are in the process of renewing their tenancies at increased rates. If approved the new total rent will be £8840 and £8320 per annum effective from the 8th November and 30th October respectively. The new total income if confirmed will be £122,176.
6 units are let on Assured Shorthold Tenancies with the remaining 6 units on a corporate let, who are subletting.
The current lha rate is £138,147.36 per annum.
Location
Located on Sumatra Road, close to the turning for Pandora Road, opposite the Sumatra Road open space.
The property is located on a popular residential road, convenient to the popular shops, bars and restaurants of West Hampstead.
Recreational amenities of Sumatra Road open space, West End Green and Fortune Green are easily accessible.
Hampstead Heath is also within easy reach offering expansive leisure and sporting opportunities.
Transport
West Hampstead Thameslink - Thameslink
West Hampstead - Jubilee / London Overground
Auction Sale - 04/10/2022
Two substantial mid terrace properties, arranged as 6 x Self-contained studio flats and 6 x non self-contained bedsits with kitchenettes and communal bathrooms, over two floors, well located for the amenities and transport links of West Hampstead, with further extension / development potential subject to requisite consents. Investment let at £120,876 per annum.
Description
Two substantial mid terrace properties arranged over two floors with an approximate gross internal area of 2200 sq ft.
The properties are arranged as 6 x Self-contained studio flats and 6 x non self-contained bedsits with kitchenettes and communal bathrooms.
Further extension / development potential subject to requisite consents.
Investment let at £120,876 per annum. Please note Room 2,99 and Room 2,101 are in the process of renewing their tenancies at increased rates. If approved the new total rent will be £8840 and £8320 per annum effective from the 8th November and 30th October respectively. The new total income if confirmed will be £122,176.
6 units are let on Assured Shorthold Tenancies with the remaining 6 units on a corporate let, who are subletting.
The current lha rate is £138,147.36 per annum.
Location
Located on Sumatra Road, close to the turning for Pandora Road, opposite the Sumatra Road open space.
The property is located on a popular residential road, convenient to the popular shops, bars and restaurants of West Hampstead.
Recreational amenities of Sumatra Road open space, West End Green and Fortune Green are easily accessible.
Hampstead Heath is also within easy reach offering expansive leisure and sporting opportunities.
Transport
West Hampstead Thameslink - Thameslink
West Hampstead - Jubilee / London Overground
