Sold Prior
- Apartment
- 6 Bedrooms
- Tenure: Leasehold. Both flats are held on a 125 year leases from 1st May 1988 (thus approximately 89 years unexpired).
Call the team on 020 7625 9007 for more information
A Residential Investment Comprising Two Self-Contained Three Bedroom Flats over the First and Second Floors. When Fully Let on Nightly Rents the Total Combined Income is £72,270 Per Annum. A Third Flat on the Third Floor is Sold Off with a Ground Rent of £50 Per Annum.
The property comprises two self-contained three bedroom flats over the first and second floors with a total combined GIA of approximately 1,222 sq ft.
Tenure
Leasehold. Both flats are held on a 125 year leases from 1st May 1988 (thus approximately 89 years unexpired).
Location
The property is situated on Malvern Road close to local shops and amenities. The open space of Paddington Recreation Ground is within easy reach. Transport links are provided by Maida Vale underground station (Bakerloo line) and Queen's Park rail station.
Tenancy
The two self-contained flats are currently let on a nightly basis with an income of £72,270 per annum (assuming full occupancy each night).
EPC Rating
EPC Rating Flat 1: D Flat 2: D
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
