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A Third Floor One Bedroom Flat Subject to a Periodic Tenancy Producing £21,000 Per Annum (Reflecting a Gross Initial Yield of 10.5%). Potential for to Convert into a Two Bedroom Flat (Subject to Obtaining all Relevant Consents)
The property comprises a third floor one bedroom flat situated within a purpose built block arranged over ground and three upper floors.
Tenure
Leasehold. The property is held on a 999 year lease from 1st September 2024 (thus approximately 997 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Sunny Hill Park are within easy reach. Transport links are provided by Finchley Central underground station (Northern line) and Hendon rail station.
Accommodation
Third Floor Reception Room Kitchen Bedroom Bathroom
Exterior
The property benefits from off street parking and a private balcony.
Tenancy
The property is subject to a Periodic Tenancy at a rent of £1,750 per calendar month.
Energy Efficiency Rating (EPC)
Current Rating D
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.