Lot 25
    Apartment
    112 Chamberlayne Road
    Kensal Rise, London, NW10 3JP
    Unsold. Contact the auctioneer.
     
    Number 1
    A Commercial and Residential Investment Comprising a Shop and Eight Self-Contained Flats (4 x One Bedroom and 4 x Studios). Fully Let Producing £119,104 Per Annum (Reflecting a Gross Initial Yield of 8.2%).

    Description

    The property comprises a mid terrace building arranged to provide a ground floor shop and eight self-contained flats over ground and three upper floors with a total GIA of approximately 2,326 sq ft.

    Tenure

    Freehold

    Location

    The property is situated in the North West London area of Kensal Rise amongst the local shops and amenities of Chamberlayne Road. The open spaces of Queen's Park are within easy reach. Transport links are provided by both Kensal Rise overground and Kensal Green underground station (Bakerloo line).

    Tenancy

    The property has an ERV of £136,000 per annum when let at the LHA rates (source: lha-direct.voa.gov.uk).

    Current Rent Reserved

    Current Rent Reserved £119,104 per annum

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Tenancy Details Current Rent
    Shop Ground A1 Use Shop 10 Year FRI Lease expiring 14.06.2023 £13,000 pa
    Flat 1 Second One Bedroom Flat Let on an AST expiring 30.11.2023 £15,084 pa
    Flat 2 Second Studio Let on an AST expiring 31.08.2023 £10,404 pa
    Flat 3 Second Studio Let on an AST expiring 31.12.2023 £12,996 pa
    Flat 4 First One Bedroom Flat Let on an AST expiring 14.02.2023 £13,260 pa
    Flat 5 First Studio Let on an AST expiring 27.02.2023 £11,184 pa
    Flat 6 First Studio Let on an AST expiring 07.04.2023 £12,216 pa
    Flat 7 Ground One Bedroom Flat (with Garden) Currently being renewed £15,360 pa
    Flat 8 Third One Bedroom Flat Let on an AST expiring 31.05.2023 £15,600 pa
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