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

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.

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

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

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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