Auction House London

Lot 40

Apartment - Flats / Apartments 

98 Priory Park Road

Kilburn, London, NW6 7UU

Unsold, please refer to Auctioneer

A Residential Investment Comprising a Mid Terrace House Internally Arranged to Provide Eight Self-Contained Studio Flats. When Fully Let on Nightly Rents the Total Combined Income is £147,825 Per Annum

To Be Offered Individually or Collectively With Lots 38-42

Description

The property comprises a mid terrace house over ground and three upper floors internally arranged to provide eight self-contained studio flats with a total combined GIA of approximately 1,727 sq ft.

Tenure

Freehold

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Kilburn Grange Park are within easy reach. Transport links are provided by Kilburn underground station (Jubilee line) and Kilburn High Road rail station.

Tenancy

The eight self-contained flats are currently let on a nightly basis with an income of £147,825 per annum (assuming full occupancy each night). There is an option to let the building on a single RPI lease to a housing association for a term of 10 years commencing September 2021 at a rent of £115,204 per annum. The rent increases each year in line with the RPI. No break clause.

Accommodation Schedule

Floor Accommodation
Ground Floor 3 x studio flats with en-suites, communal kitchen
First Floor 3 x studio flats with en-suites, communal kitchen
Second Floor Studio flat with en-suite
Third Floor Studio flat with en-suite

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
Viewings Strictly by Appointment Only - Video Walkthrough Available
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 98 Priory Park Road, Kilburn, London, NW6 7UU

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