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5A Horn Lane, Acton, London, W3 9NJ

Residential Investment Opportunity
Sold

TO BE SOLD AT SAVILLS AUCTION 24TH JANUARY - UNLESS SOLD PRIOR

  • A purpose built three storey maisonette over retail premises, arranged as a 5 unit House in Multiple Occupation (HMO).
  • 0.4 miles from Acton Central (Overground).
  • To be leased for a term of five years to Housing Action Management Ltd.
  • The lease contains Internal Repairing & Insuring covenants.
  • The proposed rent is £42,000 per annum to be reviewed on an annual basis upwards only by 5% per annum.
  • A rent free period of 5 months from commencement of the lease will apply.
  • The property is held on a lease for a term of 189 years from 24th June 1979 (thus having approximately 145 years unexpired).
  • Peppercorn ground rent.
  • Gross Internal Area (excluding eaves storage) 1,144 sq ft.

Guide Price of £425,000+ (Four Hundred and Twenty Five Thousand Pounds) subject to contract. A purchase at this level reflects a gross yield of 9.88% and a low capital value of £372 per sq ft.

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