From
£875,000
Block of flats for saleOak Grove, London NW2
- Auction
Savills - National Auctions
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About this property
Investment let at £80,310
P.a.
5 self contained flats (4 x two beds and 1 x one bed)
Future asset management potential to increase the rent on a number of flats
Breakup potential to modernise and sell off the flats individually on a long leasehold basis
Outstanding enforcement notice to reduce the 1 bedroom flat to a studio (Flat 3)
An approx. 0.2 miles to Cricklewood Station
6 week completion available
VAT free investment
Strapline
Auction Sale - 24/01/2024
Of interest to investors and developers
A mid terrace property comprising of 5 self contained flats consisting of 4 x two beds and 1 x one bed
Investment let at £80,310 p.a.
Description
A mid terrace property comprising of 5 self contained flats consisting of 4 x two beds and 1 x one bed. There is enforcement notice on Flat 3 which will need to be actioned by the incoming purchaser. This will involve the removal of a small timber extension over a flat roof at first floor level in the 1 bedroom flat which will convert this dwelling into a studio.
There is an existing cleud in place for 4 x two bedroom flats and 1 x studio flat.
Location
The property is located on the East side of Oak Grove Road and close to the junction of Ash Grove Junction.
Cricklewood station is located an approx. 0.2 miles from the property
Transport
Cricklewood Station - National Railway services
Tenancy
Please refer to Accommodation and Tenancy schedule
Accommodation
Please refer to Accommodation and Tenancy schedule