Investment Properties: 6 Craven Park, London NW10 8SY

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6 Craven Park, London NW10 8SY

OIEO £1,450,000 subject to contract - Freehold

  • North West London Investment Opportunity.
  • Situated within the London Borough of Brent in a major growth location.
  • Freehold.
  • Comprises a large double fronted Victorian detached building of 3,815 sq ft GIA with parking and a substantial rear garden.
  • The property benefits from D1 use and currently provides a children’s day nursery.
  • Let on a Full Repairing and Insuring lease expiring April 2029, subject to a mutual break option in April 2026.
  • A purchaser will receive a rent of £80,000 per annum on completion.
  • Planning permission for extension and part conversion to residential use.
  • We are instructed to seek offers in excess of £1,450,000 (One million, four hundred and fifty thousand pounds), subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 5.20% (assuming acquisition costs of 5.96%) and a Capital Value of £380 per sq ft.
  • A purchase at the asking price would provide an investor with a significant discount to residential values in the area.