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