Auction House London

Lot 18

Block of Apartments - Flats / Apartments 

90 Chamberlayne Road

Kensal Rise, London, NW10 3JL

Sold for £1,080,000

A Part-Let Mixed Use Investment Comprising Two x Self-Contained Flats and a Dental Surgery. Once Extended (Planning Granted) and Fully Let the Property has a Total ERV of £84,000 per annum.

Description

The property comprises a mid terrace building arranged over lower ground, raised ground and two upper floors.

Tenure

Freehold

Location

The property is situated in the North West London area of Kensal Rise amongst the local shops and amenities of Chamberlayne Road. The open spaces of Queen's Park are within easy reach. Transport links are provided by both Kensal Rise overground and Kensal Green underground (Bakerloo line) stations.

Exterior

The property benefits from a good sized rear garden.

Planning

Brent Council granted the following planning permission (ref.19/4453) on 2nd April 2020 for:
"Construction of lower ground, ground, rear dormer roof extensions and erection of single storey outbuildings to Nos. 88 & 90 Chamberlayne Road". This will extend this property by circa 500 sq ft.

Note

The property is under one title and therefore would be subject to commercial stamp duty rates.

Accommodation & Tenancy Schedule

Floor Accommodation Tenancy Current
Annual Rent
Lower Ground Small 2 Bed Flat Vacant (ERV of £2,000 pcm once extended) ERV £24,000
Ground Dental Surgery 15 year FRI lease from April 2014 at a rent of £1,430 pcm. Reviews in 2023 and 2027. Outstanding review from 2019 that can be exercised. £16,800
First & Attic 3 Bed Flat Let on an AST at £1,408.33 pcm expiring on 24.10.20. (ERV of £2,500 pcm once extended) £16,900

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.

View Details as PDFEnquire NowRegister to Bid
Open House Viewings: For further information, please register for the legal pack. For all enquiries, please contact Jamie Royston at jamie@auctionhouselondon.co.uk
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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Enquire about 90 Chamberlayne Road, Kensal Rise, London, NW10 3JL

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