Auction House London

Lot 34

 

130-134 Mill Lane

West Hampstead, London, NW6 1NE

Sold after auction for an undisclosed amount

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

Joint Agent

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Similar Properties

Lot 35

Land to the Rear of 132 & 134 Mill Lane West Hampstead, London, NW6 1NE

*Sold after auction for an undisclosed amount

Lot 49

Basement Area 121 Queen Mary Road, Norwood, London, SE19 3NL

*Sold Prior to auction, for an undisclosed amount

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