- An opportunity to acquire a residential investment comprising 4 self-contained flats and 1 x 3 bedroom house.
- The property is located 0.3 miles from Edgware Underground Station (Northern Line).
- Arranged as 1 x studio, 3 x 1 beds and 1 x 3 bedroom house.
- GIA – 3,420 sq ft
- Flats 2 and 5 and the house (Unit 3) are currently rented producing a current passing rent of £48,900 per annum.
- Flats 1 and 4 are currently vacant.
- The Estimate Rental Value of the flats and house is in the region of £100,800 per annum.
- Being sold at a discount to the breakup value.
- There is a communal garden to the rear accessed via the side entrance.
- Flats 1 and 2 and the house benefi t from off-street parking.
- Unit 3 has potential to split into 2 x 1 bedroom flats subject to obtaining the necessary consents.
- Freehold.
PROPOSAL
Guide Price - £1,200,000 + (One Million, Two Hundred Thousand Pounds), subject to contract, which equates to a Reversionary Yield of 8.40% and a low capital value of £351 psf.
