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Elm Grove, London NW2

To Be Sold At The Savills Residential Auction On 4th October 2022 Unless Sold Prior
For sale


A residential investment opportunity located 0.1 miles from Cricklewood Station (Thameslink).

The property is arranged as a 7 unit HMO, with all apartments benefitting from their own kitchen and bathroom.

The property is fully let producing an annual rent roll of £76,588 per annum.

The Estimated Rental Value is in the region of £107,555 per annum under the Local Housing Allowance rate.

Freehold.

Guide Price: £900,000 + (Nine Hundred Thousand Pounds - subject to contract). This reflects: Gross Initial Yield of 8.51% & Reversionary Yield of 11.95% against the LHA rate.

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