A high yielding residential investment opportunity located in Zone 2.
The property is ideally located 0.4 miles from Caledonian Road Underground Station (Piccadilly Line).
Comprises 3 self-contained flats arranged over ground, first and second floors: 2 x 2 beds, 1 x 1 bed.
Measuring 2,184 sq ft NIA.
The property is fully let producing a current passing rent of £97,800 per annum.
The ground floor 2 bedroom flat benefits from a garden to the rear and there is off street parking for all 3 flats.
Freehold.
PROPOSAL
Guide Price - Offers In Excess Of £1,000,000 (One Million Pounds) subject to contract.
A purchase at this level reflects a Gross Yield of 9.78% and a low capital value of £458 psf based off the NIA.
