Willesden Lane, London , NW6 7SX
- PROPERTY TYPE
House
- BEDROOMS
7
- BATHROOMS
7
- SIZE
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- 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
Description
A superb Freehold Residential and Ground Rent Investment 7 self-contained studio flats. Currently on a 10 year lease from June 2022 to a housing association. This provides £100,800 per annum income with NO MAINTENANCE liability, providing an excellent net yield.
View the virtual tour first, although there have been improvements since it was filmed. Early viewing / negotiation is recommended.
A Freehold Residential and Ground Rent Investment Comprising a Shop (Sold off on a Long Lease) and Seven Self-Contained Studio Flats. When Fully Let on Nightly Rents the Total Combined Income is £126,560.10 Per Annum.
Description - The property comprises a mid terrace building arranged to provide a ground floor shop and seven self contained studio flats on the two upper floors with a total combined GIA of approximately 1,799 sq ft.
Tenure - Freehold
Location - The property is situated on Willesden Lane to local shops and amenities. The open space of Kilburn Grange Park is within easy reach. Transport links are provided by Kilburn underground station (Jubilee line) and Kilburn High Road rail station.
Exterior - The property benefits from a rear garden and a terrace at the second floor.
Tenancy - The seven self-contained flats are currently let on a nightly basis with an income of £126,560.10 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 £98,632 per annum. The rent would increase each year in line with the RPI and there is no break clause.
Accommodation - Ground FloorCommercial unit (sold off on a 999 year lease), 2 x studio flats with en-suites
First Floor3 x studio flats with en-suites
Second Floor2 x studio flats both with en-suites and balcony.
Brochures
Willesden Lane, London , NW6 7SX- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Willesden Lane, London , NW6 7SX
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