*Guide | £590,000+ (plus fees)
- Flat
- 3 Bedrooms
- Tenure: Leasehold. The property is held on a 125 year lease from 25th March 1986 (thus approximately 87 years unexpired). A section 42 notice to extend the lease has been served on the freeholder, the rights of which will be assigned to the incoming buyer.
Call the team on 020 7625 9007 for more information
A Ground, First and Second Floor Three Bedroom Split-Level Flat Subject to an Assured Shorthold Tenancy Producing £25,219.92 Per Annum. Plans have been Drawn Up to Extend and Convert the Property into a Six Bedroom HMO (Subject to Planning Permission). Potential ERV if Extended and Converted: £92,192.88 (STPP) (Source: LHA Rates).
The property comprises a ground, first and second floor three bedroom split-level flat situated within a mid terrace building arranged over ground and two upper floors. Plans have been drawn up to extend and convert the property into a six bedroom HMO. No planning application has been submitted for this scheme. Drawings of the proposed plans are available for inspection. Auction House London make no representations or warranties with regard to this scheme and/or the validity of the aforementioned plans. Buyers must rely on their own enquiries with regard to any development potential, permissions required and any previous planning history in respect of this site.
Tenure
Leasehold. The property is held on a 125 year lease from 25th March 1986 (thus approximately 87 years unexpired). A section 42 notice to extend the lease has been served on the freeholder, the rights of which will be assigned to the incoming buyer.
Location
The property is situated in the highly sought after area of West Hampstead close to local shops and amenities. The open spaces of Kilburn Grange Park are within easy reach. Transport links are provided by West Hampstead underground (Jubilee line), overground and rail stations.
Accommodation
Ground Floor Bedroom Bathroom First Floor Reception Room Kitchen Second Floor Two Bedrooms
Tenancy
The property is subject to an Assured Shorthold Tenancy for a term of 24 months commencing 14th June 2021 at a rent of £2,101.66 per calendar month (Holding Over), If the property were to be extended and converted into a six bedroom HMO then the estimated rental value would be approximately £92,192.88 Per Annum (Subject to Planning Permission). (Source: LHA Rates).
Energy Efficiency Rating (EPC)
Current Rating E
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 £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
