A Residential Investment Comprising Five Self-Contained Studio Flats. Fully Let on a 10 Year RPI Linked Lease to a Housing Association Producing £53,039 Per Annum.

The property comprises five self-contained studio flats arranged over first and second floors with a total GIA of approximately 1,264 sq ft. The flats have their own rear entrance.

Tenure

Leasehold. The property is held on a 99 year lease from 29th September 1992 (thus approximately 70 years unexpired). At the buyer's request and costs a section 42 notice to extend the lease will be served prior to completion, the rights of which would be assigned to the incoming buyer.

To Be Offered Collectively or Individually With Lots 1-5

Location

The property is situated on Kilburn High Road close to local shops and amenities. The open space of Kilburn Grange Park is within easy reach. Transport links are provided by Kilburn underground station (Jubilee line) and Kilburn High Road 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 £53,039 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.

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.