Lot 34
    130-134 Mill Lane
    West Hampstead, London, NW6 1NE
    Sold after auction for an undisclosed amount
     
    Number 1
    A Substantial Freehold Residential Development and Investment Opportunity Comprising Three Income Producing Buildings arranged as Nine Self Contained Flats. The Buildings are Currently Let Producing a Combined Income of £101,520 Per Annum (Currently One Vacant Flat/ One Regulated Tenancy). ERV: £148,320 (Source: Local Estate Agent)*.
    To be Offered Collectively with the Land to the Rear (Lot 35) or Individually

    Description

    The property comprises three mid terrace buildings currently arranged as nine self contained flats (one of which is subject to a regulated tenancy) with a total combined area of approximately 6,069 sq ft.

    Tenure

    Freehold

    Location

    The property is situated on a residential road close to the local shops, cafes and restaurants of West Hampstead. The open green space of Fortune Green is also nearby. Transport links are provided by West Hampstead underground station (Jubilee line) and West Hampstead rail station.

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Tenancy Details Current Annual Rent
    Flat 1, 130 Mill Lane Ground Two Bedroom Flat (651 Sq Ft) Assured Shorthold Tenancy for a term of 12 months commencing 31/07/2020 (holding over) £14,400
    Flat 2, 130 Mill Lane First Two Bedroom Flat (577 Sq Ft) Periodic tenancy for a term of 6 months commencing 24/08/2020 (holding over) £15,000
    Flat 3, 130 Mill Lane Second One Bedroom Flat (688 Sq Ft) Periodic tenancy for a term of 6 months commencing 10/02/2019 (holding over) £13,200
    Flat 1, 132 Mill Lane Ground One Bedroom Flat (641 Sq Ft) Assured Shorthold Tenancy for a term of 6 months commencing 9/10/2018 (holding over) £16,200
    Flat 2, 132 Mill Lane First One Bedroom Flat (469 Sq Ft) Assured Shorthold Tenancy for a term of 6 months commencing 31/03/2018 (holding over) £13,800
    Flat 3, 132 Mill Lane Second and Third Three Bedroom Flat (847 Sq Ft) Regulated Tenancy with rent being paid every 4 weeks £6,720
    Flat 1, 134 Mill Lane Ground One Bedroom Flat (524 Sq Ft) Periodic for a term of 6 months commencing 15/10/2018 (holding over) £11,100
    Flat 2, 134 Mill Lane First One Bedroom Flat (492 Sq Ft) Periodic tenancy for a term of 6 months commencing 01/11/2018 (holding over) £11,100
    Flat 3, 134 Mill Lane Second and Third Two Bedroom Flat (751 Sq Ft) Vacant Possession Nil
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    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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