Platts Lane, London, NW3
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
22
- SIZE
4,968 sq ft
462 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Income producing residential investment
- Equidistant to Hampstead, West Hampstead, Golders Green and Cricklewood Stations
- Arranged as a block of 20 self-contained flats
- Estimated rental value £405,000 pa
- Freehold
- First time on the market in 20 years
Description
The property is located in a highly sought after area, equidistant to Hampstead, West Hampstead, Golders Green and Cricklewood Stations.
Arranged as a block of 20 self-contained flats and benefits from a certificate of lawfulness for the current configuration:
14 studios
4 x 1 bed
2 x 2 bed
5,725 sq ft (GIA).
A number of the existing tenancies are historic, therefore the current passing rent of £301,605 pa is reversionary.
Open Market Estimated Rental Value is approximately £405,000 pa.
The ERV equivalent to the new LHA rates equates to £361,880 pa.
The building offers refurbishment potential to enhance the rental income.
Potential to enlarge the existing footprint of the building by adding additional stories and massing, subject to obtaining the necessary consents.
First time on the market in 20 years.
Freehold.
Guide Price - Offers in Excess of £3,500,000 (Three Million Five Hundred Thousand Pounds) subject to contract. This reflects a gross yield of 8.6%, reversionary to 10.30% off the LHA rates and 11.6% off the open market ERV.
Brochures
Brochure 1Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Ask agent
Platts Lane, London, NW3
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- West Hampstead Thameslink Station0.7 miles
- Cricklewood Station0.7 miles
- Hampstead Station0.7 miles
About the agent
ESTATE OFFICE INVESTMENTS LIMITED, London
Ground Floor 1 Finchley Road, London, NW8 9TT
A London based boutique property consultancy with a global track record. We are investment and development land specialists, primarily selling land and buildings with and without planning permission, with a focus on residential blocks and commercial investment opportunities in retail, leisure and office space. We also act on behalf of clients on residential and commercial acquisitions.
Established in 1983 with exceptional combined experience, our dynamic team of fourteen work tirelessly
Notes
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Visit our security centre to find out moreDisclaimer - Property reference PlattsLane. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ESTATE OFFICE INVESTMENTS LIMITED, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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