472 North Circular Road, London, NW10 1SP

Lot Image

Auction sale - Monday 17th July 2017

Result:

Sold after auction for an undisclosed amount

  • Freehold registered and licenced HMO (until tenant lease expiry)
  • 6 x self-contained bedsits
  • Producing £73,300 per annum
  • Let to Westminster City Council
  • North London location
  • Management opportunity

Viewings

12pm - Friday 21st July 2017

Details

Location

Summary: Residential investment close to Gladstone Park
Miles: Wembley 1 mile, Edgware 2 miles, Brent Cross 1 mile, Central London 4 miles.
Roads: A406, A407, A4088, B453
Rail: Neasden Tube
Nearby Occupiers: Tesco Extra

Tenure

Freehold

Planning

Brent Council (020 8937 1234) www.brent.gov.uk. Westminster City Council's tenancy provides exemption from HMO licensing under Brent Council guidelines. All interested parties should make their own enquiries to Brent Council.

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Description

The property comprises a 1930's semi detached house, which has been fully renovated, extended and converted in 2013 to provide 6 x studio bedsits, with off street parking for two cars. The property has a garden to the rear, which can be accessed via the side gate. The bedsits are all individually metered for water and electricity. They have all recently been redecorated to a very high letting standard.

Address Accommodation Tenant Lease Terms Rent £ pa
TOTAL £73,300
472 North Circular Road 6 x self-contained bedsits Westminster City Council Expiring 20/09/2017 £73,300
1) Each bedsit has its own electric and water meters.

Contact

Seller's solicitor

Harold Benjamin

Vijay Parikh

0208 872 3033

vijay.parikh@haroldbenjamin.com

* Guide price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Contact us now

National auctions

Tel: +44 (0) 207 198 2000
Email: auctions@lsh.co.uk

Belfast auctions

Tel: +44 (0) 28 9032 7954
Email: belfastauctions@lsh.co.uk

Online auctions

Tel: +44 (0) 207 198 2000
Email: onlineauctions@lsh.co.uk

Register for updates

Sign up today to receive these benefits:
  • Receive new property notifications
  • Register for a catalogue
  • Receive market updates
  • Receive auction results