A Sui Generis HMO, located 0.3 miles from Willesden Green Underground Station (Jubilee Line).
The asset is arranged as 2 x bedsits with kitchenettes, a WC/Shower room, 2 x studio apartments & 2 x 1 bedroom apartments, and measuring 2,350 sq ft GIA
Two of the ground floor units benefit from direct access to a large rear garden and the top floor one bed boasts a private balcony.
The prperty is significantly underlet, currently producing an annual rent of £56,592 per annum , 4 flats are let on AST’s with one apartment let to an assured tenant and one flat is vacant.
The Estimated Rental Value of the building in a refurbished condition is in the region of £102,000 per annum.
The property benefits from planning permission for the proposed change of use from HMO into 3 x self-contained flats (1 x 1 bed, 1 x 2 bed, 1 x 3 bed) with a proposed NIA of 2,357 sq ft. Brent Council - Ref No23/1583 AC.
Planning application has been submitted for conversion to a 5 bedroom house, measuring approximately 3,000 sq ft.
Freehold
Offers in excess of £900,000 (Nine Hundred Thousand Pounds) subject to contract. Reflecting a low capital value of £383 psf against the GIA.
