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
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|
Additional Fees and Disclaimer
Administration charge: £1,200 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. 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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