Commercial property for sale in London, England

The site is a smartly presented semi-detached Freehold house which was painted externally in 2021 and new railings installed to the front of the property. Flat 5 has has just undergone re-decoration and is being re-let.  Located within the Borough of Brent, the site has good access to public transport services and the road network.  Brent Borough Council granted planning permission on 23/09/2008 for the "Erection of a single-storey rear and side extension, a rear and side dormer window and installation of 1 front rooflight to building previously granted a Certificate of Lawfulness for an existing use as 5 self-contained flats" (Planning Application Reference 08/0486).   Freehold (HM Land Registry Title Number MX1418 ) which will be sold subject to all the existing tenancies.  Total expected income c.£71,090  Notes   The property was re-built in 2011 to "new build" regulations following a fire in the building, which in turn has resulted in modern services and good EPC ratings.  Two of the tenants have actually been in place since then and another tenant arrived in 2012.  This is a Freehold semi-detached property; comprising 5 self-contained flats (2 x ground floor 1 bedroom flats each with private garden, 1 x 1st floor 1 bedroom flat, 1 x 1st floor studio and 1 x 2nd floor studio).  As an investment opportunity the income level typically produced is around £71,000 pa which equates to a Gross Annual Yield of 7.9% based on the asking price.  *Potential for increase returns*  If all rents are brought in line with full LHA rates the income will be £76,827 or 8.5% gross.

Commercial property for sale in London, England

Mixed use for sale

Description

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