An unbroken block of 6 self contained apartments (Use Class Sui Generis HMO), located on an attractive residential street in the heart of West Hampstead.
Located 0.6 miles from West Hampstead Underground (Jubilee Line), Overground & Thameslink Stations.
Accommodation comprises 3 self-contained studio apartments & 3 x 1 bedroom apartments and measures approximately 2,780 sq ft GIA.
The ground floor units benefit from direct access to a shared rear garden.
Majority vacant, with one apartment let on an Assured Tenancy (flat 5), producing low passing rent of £12,400 per annum.
The Estimated Rental Value of the building is in the region of £130,500.
Building has been recently refurbished to a very high standard, except for flat 5 (occupied) and flat 7, which is in shell & core condition.
The property also benefits from planning permission for the proposed changed of use from HMO to a single dwellinghouse (Use Class C3). Planning Link - Camden Council Ref No: 2022/3732/P.
Neighbouring precedent has been established for the conversion and extension of the basement to create an additional apartment, extensions to the rear of the building, as well as the
development of a single dwelling at the rear of the garden, subject to obtaining the necessary consents.
Freehold.
Offers in excess of £1,300,000 (One Million, Three Hundred Thousand Pounds) subject to contract. Reflecting a low capital value of £468 against the GIA.
