Property description
The building is a mid-terraced period property comprising of 8 studios arranged over four floors.
The building is in good order throughout and all fixtures, fittings, furniture and white goods are included making this an attractive hassle free investment.
All apartments comprise a bedroom area with open plan kitchens, private shower rooms as well as laminate flooring. Room 2 benefits from the sole use of the garden. The property is let on 7 ast's agreements and 1 assured tenancy producing approximately £96,500pa. The assured tenant is a single male in his 50's with no dependants.
We have been advised by the council and the landlord that he is seeking alternative accommodation. If so, the income would be approximately £106,000 pa.
Greencroft Gardens is a quiet residential area close to the wide range of excellent amenities of West Hampstead and Swiss Cottage and also benefits from being nearby to the shops, bars and restaurants of Finchley Road and Hampstead. Finchley Road Underground Station (Jubilee and Metropolitan lines) is close by for links into and out of the City.
Property Features :
- Freehold
- 8x Studios
- 7 AST�s and 1 regulated tenant
- Current income �96,030pa
- ERV: �109,000