Lot 57
    Apartment
    Flats 1 & 2
    23 Malvern Road, Maida Vale, London, NW6 5PS
    Sold prior to auction for an undisclosed amount.
     
    Number 1
    A Residential Investment Comprising Two Self-Contained Three Bedroom Flats over the First and Second Floors. When Fully Let on Nightly Rents the Total Combined Income is £72,270 Per Annum. A Third Flat on the Third Floor is Sold Off with a Ground Rent of £50 Per Annum.

    Description

    The property comprises two self-contained three bedroom flats over the first and second floors with a total combined GIA of approximately 1,222 sq ft.

    Tenure

    Leasehold. Both flats are held on a 125 year leases from 1st May 1988 (thus approximately 89 years unexpired).

    Location

    The property is situated on Malvern Road close to local shops and amenities. The open space of Paddington Recreation Ground is within easy reach. Transport links are provided by Maida Vale underground station (Bakerloo line) and Queen's Park rail station.

    Tenancy

    The two self-contained flats are currently let on a nightly basis with an income of £72,270 per annum (assuming full occupancy each night).

    EPC Rating (Free Text)

    EPC Rating
    Flat 1: D
    Flat 2: D

    Accomodation Schedule

    Property Floor Accommodation
    Flat 1 First Three Bedrooms, Communal Kitchen and Bathroom
    Flat 2 Second Three Bedrooms, Communal Kitchen and Bathroom
    Flat 3 Third Sold off on a lease from 5th February 997 expiring on 5th January 2113 at a rent of £50pa rising to £250pa
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