Available
London NW10 – Residential Block and Retail Shops
4/5 Bank Buildings, High Street, Harlesden, London NW10 4LTFreehold Residential Block & Retail Ground Rent Investment
Price
£2,400,000
Rent P.A.
£122,304
Yield
5.10%
Tenure
Freehold
Area
3,886 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises 6 x Two-Bedroom Apartments and 2 x Ground Floor Retail Shops (sold-off), arranged over Ground, Lower Ground, First, Second and Third floor.
- Total area size of 358 sq m (3,886 sq ft)
- Located on the High Street within a 10 minute walk to Willesden Junction Station which provides direct services to Central London
- Nearby occupiers include Tesco Metro, William Hill, Specsavers, Superdrug, Subway and Burger King, amongst others.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises 6 x Two-Bedroom Apartments and 2 x Ground Floor Retail Shops (sold-off) arranged over Ground, Lower Ground, First, Second and Third floor.
The property provides the following accommodation and dimensions:
First Floor: Flat A 61 sq m (700 sq ft)
First Floor: Flat B 65 sq m (689 sq ft)
Second Floor: Flat C 55 sq m (592 sq ft)
Second Floor: Flat D 65 sq m (700 sq ft)
Third Floor: Flat E 62 sq m (667 sq ft)
Third Floor: Flat F 50 sq m (538 sq ft)
Ground Floor: Shop at No.4 sold-off
Ground Floor: Shop at No.5 sold-off
Total area size: 358 sq m (3,886 sq ft)
The property provides the following accommodation and dimensions:
First Floor: Flat A 61 sq m (700 sq ft)
First Floor: Flat B 65 sq m (689 sq ft)
Second Floor: Flat C 55 sq m (592 sq ft)
Second Floor: Flat D 65 sq m (700 sq ft)
Third Floor: Flat E 62 sq m (667 sq ft)
Third Floor: Flat F 50 sq m (538 sq ft)
Ground Floor: Shop at No.4 sold-off
Ground Floor: Shop at No.5 sold-off
Total area size: 358 sq m (3,886 sq ft)
Tenancy Description
Flat A is at present let to RMG Housing for a term of 3 years from 8th July 2019 at a current rent of £18,980 per annum.
Flat B is at present let on a AST to an Individual for a term of 12 Months from 10th June 2019 at a current rent of £18,980 per annum.
Flat C is at present let to RMG Housing for a term of 3 years from 8th July 2019 at a current rent of £18,980 per annum.
Flat D is at present let to RMG Housing for a term of 3 years from 15th July 2019 at a current rent of £18,980 per annum.
Flat E is at present let to RMG Housing for a term of 3 years from 15th April 2019 at a current rent of £18,980 per annum.
Flat F is at present let to RMG Housing for a term of 3 years from 15th July 2019 at a current rent of £18,980 per annum.
The Ground Floor Shop at No.4 has been sold off on a Long Leasehold at a peppercorn ground rent.
The Ground Floor Shop at No.5 has been sold off on a Long Leasehold at a peppercorn ground rent.
Flat B is at present let on a AST to an Individual for a term of 12 Months from 10th June 2019 at a current rent of £18,980 per annum.
Flat C is at present let to RMG Housing for a term of 3 years from 8th July 2019 at a current rent of £18,980 per annum.
Flat D is at present let to RMG Housing for a term of 3 years from 15th July 2019 at a current rent of £18,980 per annum.
Flat E is at present let to RMG Housing for a term of 3 years from 15th April 2019 at a current rent of £18,980 per annum.
Flat F is at present let to RMG Housing for a term of 3 years from 15th July 2019 at a current rent of £18,980 per annum.
The Ground Floor Shop at No.4 has been sold off on a Long Leasehold at a peppercorn ground rent.
The Ground Floor Shop at No.5 has been sold off on a Long Leasehold at a peppercorn ground rent.
Tenancies & Accommodation
Location Description
Harlesden is an up-and-coming residential area known for its multicultural vibe, with a buzzing dining scene encompassing Caribbean, Brazilian, and Lebanese cuisines. Its busy High Street offers take-out restaurants and international grocery stores, plus the cast-iron Jubilee Clock, a late-19th-century landmark. The property is located on the High Street within a 10 minute walk to Willesden Junction Station which provides direct services to Central London. Nearby occupiers include Tesco Metro, William Hill, Specsavers, Superdrug, Subway and Burger King, amongst others.
