RESIDENTIAL HMO INVESTMENT OPPORTUNITY 12 Kenton Road, Harrow HA1 2BW 1 12 Kenton Road, Harrow, HA1 2BW EXECUTIVE SUMMARY • Located 0.4 miles from Harrow on The Hill Station (Mainline and Metropolitan Line) and a further short walking distance from Harrow Town Centre. • The building is arranged over Ground and two upper floors and comprises a total of eight units. • Seven are non self contained and benefit from shared kitchen and bathroom facilities. • The eighth unit is self contained and benefits from direct access to the side of the property. • The total GIA of the building is 2,348 sq ft. • The building is in good decorative order although could benefit from some modernisation. • The property benefits from 3 off-street car parking spaces with one demised specifically to the self contained unit. • An HMO licence is in place. • Currently five of the units are let producing a rental income of £41,760pa. • The ERV once fully let is in the region of £76,260pa. • Freehold. • We are instructed to quote OIEO £900,000 subject to contract. 2 12 Kenton Road, Harrow, HA1 2BW LOCATION The property is located on a quiet residential road overlooking Harrow Hill Golf Course in the London Borough of Harrow. Kenton Underground & Overground Station Situated only a 10-minute walk from popular shopping centres: St Anns and St George’s. Both shopping centres offer a combined selection of retail stores, restaurants, bars, a gym and a cinema. CONNECTIVITY 12 Kenton Road Harrow on the Hill Harrow-on-the-Hill Underground Station (Metropolitan Underground Station Northwick Park line) is a 10-minute walk away and provides easy access Underground Station into central London and towards Aldgate via Finchley Road. Also served by the Metropolitan line is Northwick Park Station, which is a mere 5-minute walk from the property. Kenton Station, located on Kenton Road and served by both the Overground and the Bakerloo line is also within a 7-minute walk from the property. Road users can access the City via car in as little as 30 minutes via the A40. Heathrow Airport is also within a half hour’s drive from the property’s address. 3 12 Kenton Road, Harrow, HA1 2BW 4 12 Kenton Road, Harrow, HA1 2BW FLOOR PLANS Ground Floor First Floor Second Floor 5 12 Kenton Road, Harrow, HA1 2BW PROPERTY DESCRIPTION The building comprises a total of eight units – seven of which are non self contained although they all benefit from in room vanity units. Operating under as an HMO, the property therefore has communal facilities including a communal kitchen on the ground floor and toilet or bathroom facilities on each. Unit 12a is accessed directly from the street via the side gate and itself is a completely self contained one bedroom unit. TENANCY & ACCOMODATION SCHEDULE Agreed rent per Unit Number ERV per month month Flat 12a £1,280 £1,280 Room 1 £800 Vacant Room 2 £800 Vacant Room 3 £725 £550 Room 4 £675 Vacant Room 5 £800 £800 Room 6 £725 £500 Room 7 £550 £350 Total £6,355 £3,480 Total ERV once fully let: £76,260 There is potential to substantially increase the rental income by way of increasing the historic rent. 6 12 Kenton Road, Harrow, HA1 2BW TENURE CONTACT Freehold For further information or to arrange a viewing, please contact us: Rebecca Searle Prash Jaitley EPC +44 (0)20 7266 8524 +44 (0)20 3771 0697 +44 (0)7886 370 042 +44 (0)7961 853 166 Available on request [email protected] [email protected] Daniel Minsky Joseph Bachman VIRTUAL WALKTHROUGH & +44 (0)20 7266 8520 +44 (0)20 3771 0697 ADDITIONAL PHOTOS +44 (0)7866 466 526 +44 (0)7723 619 270 [email protected] [email protected] Can be accessed by clicking here PROPOSAL We are instructed to quote OIEO £900,000 subject to contract 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 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, their clients or any joint agents have authority to make or give any representation or warranty whatsoever in relation to this property. November-2020.