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

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.

Download Legal PackView Details as PDFView VideoEnquire NowFinance AvailableRegister to Bid
Open House Viewings:
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

Share this lot

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

Enquire about 130-134 Mill Lane, West Hampstead, London, NW6 1NE

Sign-up for our newsletter

Get the latest lot details along with new blog posts, straight to your inbox

Services

  • Request Auction Valuation
  • Remote Bidding Registration
  • Online Auctions
  • Property Services

Auctions

  • Current Auction
  • Past Auctions
  • Lots still available
  • Guide to buying at auction
  • Guide to selling at auction
  • General Conditions of Sale
  • Register to Bid

Guides

  • Guide to buying at auction
  • Guide to selling at auction
  • Guide to buy online

About

  • About Us
  • Why Choose Us
  • Meet The Team
  • Privacy Policy
  • Complaints Procedure

Auction House London

5 Hampstead Gate, 1a Frognal, Hampstead, London NW3 6AL

Tel: 020 7625 9007
Fax: 020 7990 9979
Email: info@auctionhouselondon.co.uk
Auction House London
Site built by IVC
Copyright © 2021 Auction House London
Registered Address: 2 Cotton Street, Liverpool, Merseyside, L3 7DY Company No. 07048084
Footer Logos