Block of 18 Flats (Let on Single FR&I Lease), Kilburn, Greater London

 

308 Kilburn High Road, Kilburn, London, NW6 2DG

Offers in excess of
N/A
Sold
Type - Residential
Tenant type - Residential
  • Tenure: Virtual Freehold (980 years remaining)
  • Gross Rent: £191,690
  • Lease Term: 10 years from Jun '14
  • VAT applicable?: N
  • Low Capital Value
  • FR&I lease with Annual Rental Increases

Property Description

  • Very attractive Virtual Freehold (980 years remaining) residential investment in London let on an FR&I lease
  • Comprising 18 flats: 4 x 1 bed, 6 x Studio with Mezzanine and 8 x Studio flats
  • Arranged over part-ground, first, second and third floors (ground floor not included)
  • Gross internal area of 6,705 sq. ft. inc common parts (full breakdown below) which equates to a low capital value of £519 / sq.ft.

Location Description

  • Kilburn is a densely populated part of north-west London which is divided between three London Boroughs: most of Kilburn is in Brent or Camden, but a small part is in Westminster
  • Located on Kilburn High Road, the main thoroughfare which forms part of the A5 road which forms the boundary between the boroughs of Brent and Camden
  • The property is located on the east side of Kilburn High Road within a busy local parade
  • Located within a couple of minutes’ walk of Brondesbury Overground Station and Kilburn Underground station

Additional Notes

  • Let to Mace Housing Co-operative on a 10 year FR&I lease from 26th June 2014
  • Current rent of £191,689.65
  • Annual rental increases linked to inflation (next increase will however be on 26th July 2018)
  • Mace Housing is a self-help housing association that has been trading for over 40 years and manages ca. 500 propertie

Tenancy & Accommodation Schedule

Tenancy & Accommodation Schedule

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