Llanover Road, Wembley, London, HA9 7LW

£1,300,000

Guide price

  • Bedrooms: 5
A Residential Investment Comprising an End of Terrace Building Arranged to Provide Five Self-Contained Studio Flats. When Fully Let on Nightly Rents the Total Combined Income is £105,120 Per Annum

DESCRIPTION

The property comprises an end of terrace house over ground and first floors internally arranged to provide five self-contained studio flats with a total combined GIA of approximately 1,227 sq ft.

TENURE

Freehold

LOCATION

The property is situated on a residential road close to local shops and amenities. The open spaces of King Edward VII Park are within easy reach. Transport links are provided by North Wembley underground station (Bakerloo line) and North Wembley rail station.

TENANCY

The five self-contained flats are currently let on a nightly basis with an income of £105,120 per annum (assuming full occupancy each night). There is an option to let the building on a single RPI lease to a housing association for a term of 10 years commencing September 2021 at a rent of £81,923 per annum. The rent increases each year in line with the RPI and there is no break clause.

ACCOMMODATION

Ground 3 x studio flats with en-suites, communal kitchen

First 2 x studio flats with en-suites, communal kitchen

Arrange viewing 01737 648048

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