Investment Properties: 12 Herbert Road, Hendon, London NW9 6AD
12 Herbert Road, Hendon, London NW9 6AD
Guide Price £625,000 subject to contract
- Well located within a 3 minute walk of Hendon Railway Station which offers direct trains into London St Pancras International in 18 minutes (Thameslink).
- A mid terraced building arranged over 3 floors.
- Internally configured as five fully self-contained studio flats.
- Floor Areas: Total NIA – 1,341 sq ft / Total GIA – 1,553 sq ft
- The building benefits from a certificate of lawful use.
- Fully let to private tenants producing a combined total rent of £44,832 pa.
- All rents are exclusive with no additional landlord costs.
- Each unit is separately metered and council tax rated.
- Guide Price - £625,000 (Six hundred and twenty five thousand pounds) subject to contract, which equatesto a gross yield of 7.2% and a low capital value of £402 per sq ft based on the existing total GIA.