A Well Located Commercial, Residential & Ground Rent Investment Producing £43,870 which includes £1,000 of Annual Service Charge, Insurance & Management Income.
The property comprises a ground floor lock up shop together with four self-contained flats within a mid terrace building arranged over ground and three upper floors.
The property is situated in the sought after area of Maida Vale amongst the local shops and amenities of Chippenham Road. The open spaces of Paddington Recreation Ground are within easy reach. Transport links are provided by Maida Vale underground station.
The freehold benefits from the right to manage and insure the building. The shop along with flats 3 & 4 pay service charge and insurance contributions at 20% each with a combined management fee of £1,000 per annum. Current Rent Reserved £43,870 per annum (inclusive of management fees)
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £900 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.