9 Bed Block Of Apartments House For Sale Harrow Road, London, NW10

Investment Consideration:\r
Gross Initial Yield: 5.51%\r
Rental Income: £114,244 p.a. \r
VAT is NOT applicable to this property\r
Comprises 5 x Studio Flats and 2 x 2-Bedroom Flats arranged over five floors.\r
Recently refurbished to a high standard \r
Total area size of 226 sq m (2,432 sq ft)\r
Located within 9 minute walk of Willesden Station which provides direct services to Central London and Harlesden High Street, providing quick access to a range of local shops and amenities. \r
Nearby occupiers include convenience store, restaurants/takeaways, butcher and many more.\r
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Property Description:\r
The property comprises 5 large studio flats, a double storey 2-bedroom flat and a newly refurbished 2-bedroom garden flat arranged over five floors.\r
The property provides the following accommodation and dimensions:\r
Basement: 58 sq m (620 sq ft)\r
Flat 1 - Two Bedrooms, Kitchen/Living Room, Bathroom/WC\r
Ground Floor: \r
Studio Flat 2 - 21 sq m (226 sq ft)\r
Studio Flat 3 - 25 sq m (269 sq ft)\r
First Floor: \r
Studio Flat 4 - 14 sq m (151 sq ft)\r
Studio Flat 5 - 34 sq m (366 sq ft)\r
Second Floor:\r
Studio Flat 6 - 12 sq m (129 sq ft)\r
Second/Third Floor: 62 sq m (668 sq ft)\r
Flat 7 - Two Bedrooms, Kitchen/Living Room, Bathroom/WC\r
Additional eaves storage of 12 sq m (129 sq ft)\r
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Tenancy:\r
Flat 1 is at present let on an AST to N&N Property Management Limited for a term of 36 months from 13th January 2022 at a current rent of £19,020 per annum. \r
Flat 2 is at present let on an AST to an Individual for a term of 24 months from 24th August 2020 at a current rent of £15,365.40 per annum. \r
Flat 3 is at present let on an AST to an Individual for a term of 12 months from 17th February 2021 at a current rent of £15,365.40 per annum. \r
Flat 4 is at present let on an AST to an Individual for a term of 12 months from 10th June 2022 at a current rent of £15,365.40 per annum. \r
Flat 5 is at present let on an AST to an Individual for a term of 12 months from 17th February 2021 at a current rent of £15,365.40 per annum. \r
Flat 6 is at present let on an AST to an Individual for a term of 12 months from 2nd December 2020 at a current rent of £15,365.40 per annum.\r
Flat 7 is at present let on a lease to The Council of the London borough of Hammersmith and Fulham for a term of 36 months from 31st January 2020 at a current rent of £18,396.73 per annum. Option to determine at any time with 28 days notice. \r
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Location:\r
Harlesden is an up-and-coming residential area known for its multicultural vibe, with a buzzing dining scene encompassing Caribbean, Brazilian, and Lebanese cuisines. Its busy High Street offers take-out restaurants and international grocery stores, plus the cast-iron Jubilee Clock, a late-19th-century landmark. The property is located within 9 minute walk of Willesden Station which provides direct services to Central London and Harlesden High Street, providing quick access to a range of local shops and amenities. Nearby occupiers include convenience store, restaurants/takeaways, butcher and many more.