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Residential Building with Hmo License

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Residential Building with Hmo License RESIDENTIAL BUILDING WITH HMO LICENSE Walm Lane, Willesden Green, London, NW2 3BS Residential Investment Opportunity HMO - Walm Lane, Willesden Green, London, NW2 3BS 02 INVESTMENT OPPORTUNITY • A detached double fronted period house consisting of 14 self contained studio flats. • Fully let – Producing an annual income of £200,880.60 P/A. • Off street parking for approximately 4 cars. • Large communal garden to the rear of the building. • Located 0.5 miles away from Kilburn tube station and 0.6 of a mile to Cricklewood Thameslink station. • The property has residential use with the benefit of a fully complicit HMO license. • Offers in excess of £2,900,000 for the freehold interest are invited subject to contract. HMO - Walm Lane, Willesden Green, London, NW2 3BS 03 LOCATION Walm Lane is beautiful tree-lined road located in Willesden, North West London and is situated in the London borough of Brent. The surrounding area is predominantly residential, though Cricklewood Broadway & Kilburn High Road are located nearby which provide a mixture of amenities including a variety of supermarkets, shops, cafés, pubs and restaurants. Kilburn tube station is approximately 0.5 miles South-East of the site and Cricklewood Thameslink station approximately 0.6 miles north of the site. There are also several areas of public open space including Mapesbury Dell Park within a few minutes walk, Gladstone Park, approximately 1.1 miles (1.8km) to the north west, and Roundwood Park which is approximately 1.8 miles (2.9 km) to the south west. HMO - Walm Lane, Willesden Green, London, NW2 3BS 04 HMO - Walm Lane, Willesden Green, London, NW2 3BS 05 DESCRIPTION The property is a double fronted detached period building. It is a fully licensed HMO comprising of 14 apartments (all self-contained studios) arranged over the ground, first and second floors. The property also benefits from a carriage driveway. The ground floor comprises of 5 studios, the first of 6 studios and the second floor of 3 studios as well as some external roof space and a large communal garden to the rear. CONDITION The property is presented in good condition throughout with the refurbishment of flats 2, 4, 11, 12 and 14 having taken place in the last few months. HMO - Walm Lane, Willesden Green, London, NW2 3BS 06 TENANCIES The building is fully let on a mix of Lease & AST tenancies – It is currently producing an annual income of £200,880.60. PLANNING The property contains 14 studio apartments which benefit from a full HMO license, granted 18th February 2019. The property also as a certificate of lawful use, granted on 18th August 2004. Please see the link below for further planning information. https://pa.brent.gov.uk/online-applications/applicationDetails.do?activeTab=summary&keyVal=DCAPR_127542. TENURE The building is being sold with the benefit of the freehold. PRICE Offers in excess of £2,900,000 HMO - Walm Lane, Willesden Green, London, NW2 3BS 07 RENT ACCOMODATION SCHEDULE Unit Number Beds Baths Room Size (m²) Start Date End Date Lease or AST New AST Monthly Rent (£) Rent per annum (£) Flat 1, 222 Walm Lane 1 1 19 09/12/2019 08/12/2020 AST ✓ £1,198.21 £14,378.52 Flat 2, 222 Walm Lane 1 1 19 25/02/2019 24/02/2020 AST ✓ £1,163.32 £13,959.84 Flat 3, 222 Walm Lane 1 1 23 09/12/2019 08/12/2020 AST ✓ £1,198.21 £14,378.52 Flat 4, 222 Walm Lane 1 1 22 09/12/2019 08/12/2020 AST ✓ £1,198.21 £14,378.52 Flat 5, 222 Walm Lane 1 1 21 09/12/2019 08/12/2020 AST ✓ £1,198.21 £14,378.52 Flat 6, 222 Walm Lane 1 1 25 02/12/2019 01/12/2024 Lease ✓ £1,198.21 £14,378.52 Flat 7, 222 Walm Lane 1 1 16 09/12/2019 08/12/2020 AST ✓ £1,198.21 £14,378.52 Flat 8, 222 Walm Lane 1 1 16 09/12/2019 08/12/2020 AST X £1,198.21 £14,378.52 Flat 9, 222 Walm Lane 1 1 11 09/12/2019 08/12/2020 AST X £1,198.21 £14,378.52 Flat 10, 222 Walm Lane 1 1 22 09/12/2019 08/12/2020 AST ✓ £1,198.21 £14,378.52 Flat 11, 222 Walm Lane 1 1 20 09/09/2019 08/09/2024 Lease ✓ £1,198.21 £14,378.52 Flat 12, 222 Walm Lane 1 1 23 09/12/2019 08/12/2020 AST ✓ £1,198.21 £14,378.52 Flat 13, 222 Walm Lane 1 1 19 09/12/2019 08/12/2020 AST X £1,198.21 £14,378.52 Flat 14, 222 Walm Lane 1 1 20 20/09/2019 19/09/2024 Lease ✓ £1,198.21 £14,378.52 Total 276 £16,740.05 £200,880.60 Method Of Sale : The property is for sale by way of private treaty. VIEWINGS: The building can be viewed by way of appointment - Please contact us on the below information to arrange. FURTHER INFORMATION – further plans are available upon request. CONTACTS Sam Phillips Zach Harris Jonathan Vandermolen T: 0203 971 6066 T: 0203 971 6060 T: 0207 290 2828 M: 07956 341581 M: 07540 612327 M:07831509965 E: [email protected] E: [email protected] E: [email protected] www.vandermolenre.co.uk.
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