A Well Located Second Floor Three Bedroom Flat Let to HCA Limited Trading as The Portland Hospital Producing £50,049.48 Per Annum

The property comprises a second floor three bedroom flat situated within an attractive, portered, purpose built block arranged over ground and five upper floors.

Tenure

Leasehold. The property will be held on a new 999 year lease from completion.

Location

The property is situated in the highly sought after area of Marylebone. Close to local shops and amenities. The open spaces of Regent's Park are within easy reach. Transport links are provided by Regent's Park underground station (Bakerloo line) and Marylebone rail station.

Accommodation

Second Floor Reception Room Kitchen Three Bedrooms (One with En-Suite) Shower Room

Exterior

The property benefits from lifts and a porter.

Tenancy

The property is subject to a lease to HCA Limited t/a The Portland Hospital for a term of five years commencing 7th July 2023 at a rent of £4,170.79 per calendar month. Annual RPI linked reviews.

We are advised by the Vendor that the property that if let at market rent, the property would rent for £7,000 per calendar month. Reflecting a gross initial yield of 8.6%. Buyers must rely on their own enquiries.

Energy Efficiency Rating (EPC)

Current Rating C

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 £1,800 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.