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A Residential Investment Comprising an End of Terrace Building Arranged to Provide Five Self-Contained Studio Flats. Fully Let on a 10 Year RPI Linked Lease to a Housing Association Producing £81,923 Per Annum.
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
To Be Offered Collectively or Individually With Lots 1-5
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 let on a single IRI 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.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.