Within walking distance to Willesden Green station
Off street parking
Potential ability to extend
North Wembley Underground Station - 0.1 miles
North Wembley Rail Station - 0.1 miles
South Kenton Rail Station - 0.6 miles
South Kenton Underground Station - 0.6 miles
Wembley Central Underground Station - 0.7 miles
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
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.
LOCATION 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.
TENANCY 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.
ACCOMMODATION Ground 3 x studio flats with en-suites, communal kitchen
First 2 x studio flats with en-suites, communal kitchen