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Floor Plan
Floor Plan

Features

  • Excellent refurbishment or conversion opportunity
  • Within walking distance to Willesden Green station
  • Off street parking
  • Potential ability to extend

Nearest Stations

  • 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.


TENURE
Freehold


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


Property Ref: 104509_MERSP201017

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