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AGENT'S DETAILS


London NW10 – Freehold Residential Block & Retail Ground Rent Investment

For sale: £2,700,000.00|7147 Sq Ft|Retail, Residential

PROPERTY DETAILS

FOR SALE£2,700,000.00
SIZE7147 Sq Ft
ADDRESS4/5 Bank Buildings, High Street, Harlesden, London NW10 4LT
TYPERetail, Residential
TENUREFor Sale Freehold
POSTED ON11th February 2021

DESCRIPTION

Investment Consideration:
Gross Initial Yield: 4.53%
Rental Income: £122,304 p.a.
VAT is NOT applicable to this property
Comprises 6 x Two-Bedroom Apartments and 2 x Ground Floor Retail Shops (sold-off), arranged over Ground, Lower Ground, First, Second and Third floor.
Total area size of 661 sq m (7,147 sq ft)
Located on the High Street within a 10 minute walk to Willesden Junction Station which provides direct services to Central London
Nearby occupiers include Tesco Metro, William Hill, Specsavers, Superdrug, Subway and Burger King, amongst others.

Property Description:
The property comprises 6 x Two-Bedroom Apartments and 2 x Ground Floor Retail Shops arranged over Ground, Lower Ground, First, Second and Third floor.

The property provides the following accommodation and dimensions:
First Floor: Flat A 61 sq m (700 sq ft)
First Floor: Flat B 65 sq m (689 sq ft)
Second Floor: Flat C 55 sq m (592 sq ft)
Second Floor: Flat D 65 sq m (700 sq ft)
Third Floor: Flat E 62 sq m (667 sq ft)
Third Floor: Flat F 50 sq m (538 sq ft)
Ground Floor: Shop at No.4 148 sq m (1,593 sq ft)
Ground Floor: Shop at No.5 155 sq m (1,668 sq ft)
Total area size: 661 sq m (7,147 sq ft)

Tenancy:
Flat A is at present let to RMG Housing for a term of 3 years from 8th July 2019 at a current rent of £18,980 per annum.
Flat B is at present let on a AST to an Individual for a term of 12 Months from 10th June 2019 at a current rent of £18,980 per annum.
Flat C is at present let to RMG Housing for a term of 3 years from 8th July 2019 at a current rent of £18,980 per annum.
Flat D is at present let to RMG Housing for a term of 3 years from 15th July 2019 at a current rent of £18,980 per annum.
Flat E is at present let to RMG Housing for a term of 3 years from 15th April 2019 at a current rent of £18,980 per annum.
Flat F is at present let to RMG Housing for a term of 3 years from 15th July 2019 at a current rent of £18,980 per annum.
The Ground Floor Shop at No.4 has been sold off on a Long Leasehold at a peppercorn ground rent.
The Ground Floor Shop at No.5 has been sold off on a Long Leasehold at a peppercorn ground rent.

Location:
Harlesden is an up-and-coming residential area known for its multicultural vibe, with a buzzing dining scene encompassing Caribbean, Brazilian, and Lebanese cuisines. Its busy High Street offers take-out restaurants and international grocery stores, plus the cast-iron Jubilee Clock, a late-19th-century landmark. The property is located on the High Street within a 10 minute walk to Willesden Junction Station which provides direct services to Central London. Nearby occupiers include Tesco Metro, William Hill, Specsavers, Superdrug, Subway and Burger King, amongst others.

LOCATION

Location: 4/5 Bank Buildings, High Street, Harlesden, London NW10 4LT

Willesden Junction (0.3 miles)

Harlesden (0.4 miles)

North Acton (1.1 miles)

Willesden Junction (0.3 miles)

Harlesden (0.4 miles)

Kensal Green (1.1 miles)

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