Freehold block of apartments available for sale.
Situated in the desirable area of Brondesbury Park.
Conveniently located 0.3 miles from Brondesbury Park Overground Station and 0.8 miles from Queens Park Underground and Overground Stations.
The property comprises 6 residential apartments totalling 3,436 sq ft, arranged as 3 x 2 bedroom and 3 x 1 bedroom units.
Existing GIA 4,217 sq ft.
Currently let on individual ASTs generating £98,420 annually, with significant potential for increased rental income.
The property benefits from 2 off-street parking spaces and all apartments are eligible to apply for residents permits.
Offers substantial development potential for extension and reconfiguration (subject to planning permission; architect’s proposed plans available on request.
Estimated break-up value as-is: £2.55m; GDV once refurbished is £3m.
Estimated rental value (ERV): £150,000-£160,000 per annum.
Offers invited in excess of £2,000,000, equating to a low capital value of £582 per sq ft off the NSA and £494 per sq ft off the proposed plans.
