6 bed Flat For Sale £575,000
Flats 1 & 2, 23 Malvern Road, Maida Vale, London, NW6 5PS

Guide Price = £575,000+

*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 Two Self-Contained Three Bedroom Flats over the First and Second Floors. When Fully Let on Nightly Rents the Total Combined Income is £72,270 Per Annum. A Third Flat on the Third Floor is Sold Off with a Ground Rent of £50 Per Annum.

Tenure
Leasehold. Both flats are held on a 125 year leases from 1st May 1988 (thus approximately 90 years unexpired).

Location
The property is situated on Malvern Road close to local shops and amenities. The open space of Paddington Recreation Ground is within easy reach. Transport links are provided by Maida Vale underground station (Bakerloo line) and Queen's Park rail station.

Description
The property comprises two self-contained three bedroom flats over the first and second floors with a total combined GIA of approximately 1,222 sq ft.

Tenancy
The two self-contained flats are currently let on a nightly basis with an income of £72,270 per annum (assuming full occupancy each night).

Note
Viewings Strictly by Appointment Only - Video Walkthrough Available