HIGH YIELDING RESIDENTIAL INVESTMENT OPPORTUNITY
100 Craven Park, Harlesden, NW10 8QE
Freehold mid terrace four storey building producing £140,903.36 per annum
Internally arranged to provide 11 x self- contained studio flats
2 Measures approximately 2,555ft GIA
Potential to extend the ground floor, to enlarge existing, or create further, units. Subject to all necessary consents.
Guiding OIEO £1,700,000 which equates to a net initial yield of 7.88% assuming purchasers costs of 5.13% with stamp duty calculated on a multiple dwellings relief basis
100 Craven Park, Harlesden, NW10 8QE
The property is arranged internally as 11 x self- contained studio flats with a certificate of lawfulness for its existing layout (application no: 09/1960)
Each studio flat is subject to an Assured Shorthold Tenancy
Currently producing £140,903.36 per annum
Potential ERV to increase to £144,630.36
Measures approximately 2,555ft2 GIA
Potential to extend the ground floor to enlarge existing or create further units subject to all necessary consents.
Guiding OIEO £1,700,000 which equates to a net initial yield of 7.88% assuming purchasers costs of 5.13% with stamp duty calculated on a multiple dwellings relief basis
The property is in good AST condition throughout.
www.estate-office.com
100 Craven Park, Harlesden, NW10 8QE
Flat Floor Terms Rent pa (£)
Subject to Assured Shorthold Tenancy for a term of 12 months from 1st 1 LG £13,419.12 December 2014 (holding over) 2 LG Subject to Assured Shorthold Tenancy £12,480 Subject to Assured Shorthold Tenancy for a term of 12 months from 11th 3 LG £13,780 January 2016 Subject to Assured Shorthold Tenancy for a term of 12 months from 27th 4 G £13,419.12 March 2014 (holding over) Subject to Assured Shorthold Tenancy for a term of 12 months from 13th 5 G £13,520 December 2010 (holding over) Subject to Assured Shorthold Tenancy for a term of 12 months from 1st 6 G £7,800 September 2009 (holding over). Due to renew at £11,500 Subject to Assured Shorthold Tenancy for a term of 12 months from 25th 7 1 £13,419.12 August 2014 (holding over) Subject to Assured Shorthold Tenancy for a term of 12 months from 2nd 8 1 £13,286 December 2013 (holding over) Subject to Assured Shorthold Tenancy for a term of 12 months from 7th 9 1 £13,780 March 2016 Subject to Assured Shorthold Tenancy for a term of 12 months from 14th May 10 2 £13,000 2012 (holding over) Subject to Assured Shorthold Tenancy for a term of 12 months from 14th May 11 2 £13,000 2012 (holding over) TOTAL £140,903.36
www.estate-office.com 100 Craven Park, Harlesden, NW10 8QE
Location
The property is situated in Harlesden which is in the borough of Brent, northwest London.
In 2014 Harlesden underwent a £4.5 million regeneration scheme to make the town centre more accessible for neighbours, workers and motorists.
100 Craven Park The property also benefits from being within walking distance from Roundwood Park, a formal Victorian Park that has English Heritage grade two listed status.
Transportation
17 Craven Park is ideally located close to both underground and overground train stations; giving access to Oxford Circus within 23 minutes.
Nearby stations:
Harlesden Station – 0.4 miles (Bakerloo Source: Google maps, not to scale, line, Network Rail and Watford DC Line) provided for indicative purposes only. Willesden Junction Station – 0.9 miles (Bakerloo line, Watford DC Line, North London Line and West London Line)
The property is also serviced by numerous frequent bus services.
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Proposal Tenure Floorplans
£1,700,000 Freehold. Floorplans are available upon Subject to Contract request.
For further information, appointments & viewings +44 (0)207 266 8500
Nic Shaer Daniel Minsky [email protected] [email protected]
Jerome Colmans [email protected]
DISCLAIMER The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute or constitute part of an offer or contract. All descriptions, dimensions, reference to condition and necessary permissions for use and other details are given without responsibility and any intending purchasers or tenants www.estate-office.com should not rely on them as statements or representations of fact, but must themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Estate Office has an authority to make or give any representation or warranty whatsoever in relation to this property. Jun-16.