Location On Map
SUBSTANTIAL RESIDENTIAL BUILDING – HMO INVESTMENT – FREEHOLD FOR SALE
The property is located on the north side of Fortune Green Road, closes to the junctions of Burrard Road, Lyncroft Gardens and Finchley Road. The property is situated within close proximity to the main shopping area of West End Lane which has many multiple and local retailers, together with numerous bars and restaurants. Transport facilities are good with West Hempstead Underground & British Rail Stations being close by. Numerous bus routes also serve the area.
The property comprises a former substantial house arrange on ground, first and second floors converted into 7 self contained flats arranged as follows and all currently let on assured shorthold tenancy agreements.
Flat A Ground Floor 1 Bedroom, Shower, Toilet, Lounge with Open Plan Kitchen £16,800 per annum
Flat B Ground Floor 2 Bedrooms, Lounge, Open Plan Kitchen, Shower & Toilet £21,600 per annum
Flat C First Floor Rear Studio Flat, Shower & Toilet £12,000 per annum
Flat D First Floor Middle Studio Flat, Shower & Toilet £13,420 per annum
Flat E First Floor Front 1 Bedroom, Lounge, Open Plan Kitchen, Shower & Toilet £15,900 per annum
Flat F Second Floor Studio Flat, Shower & Toilet £13,554 per annum
Flat G Second Floor Studio Flat, Shower & Toilet £113,420 per annum
TOTAL CURRENT INCOME: £106,694 per annum
The London Borough Of Camden, granted an HMO licence on the building from 24th January 2018, expiring on 24th December 2020.
1,700,000 Subject to Contract with the benefit of the tenancies and income.
Under the Money Laundering Regulations Act 2004, we are obliged to verify the identity of proposed tenants prior to instructing solicitors in order to assist in preventing fraud and money laundering. This information is required by Law.
Strictly by appointment through owners SOLE Agents as above.
SUBJECT TO CONTRACT