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Description
A Sui Generis HMO located in the heart of Kensal Rise, just 0.2 miles from Kensal Rise Station (Overground Services). The building measures 1,610 sq ft (GIA) and comprises a well presented 2 bedroom garden flat on the ground floor and 3 HMO units (all with kitchenettes), shower room and toilet at first floor level which are in need of modernisation. The garden flat and one HMO room is currently let on AST's at a low passing rent of £27,300, the other two HMO units are vacant. ERV of the apartment and 3 HMO units (in a refurbished condition) is in the region of £74,000 per annum. Building benefits from planning permission for change of use of from HMO into 2 x 3 bedroom apartments, incorporating extensions to the side, rear and loft, creating an envelope of 2449 sq ft (NIA) Planning Ref : 23/1581 - Brent Council. Asset management angles include implementation of the planning consent, converting the building into multiple studios or a single dwelling (STPP). Freehold. Price - OIEO £800,000 subject to contract reflecting a low capital value of £497 psf.
Find out MoreProperty Details
- Property ID: 157242269
- Added On: 2025-01-24
- Deal Type: For Sale
- Property Price: £800,000
- Bedrooms: 6
- Bathrooms: 1.00
Amenities
- Sui Generis HMO
- 0.2 miles from Kensal Rise Station (Overground)
- The garden flat and one HMO room is currently let on AST's at a low passing rent of £27,300
- the other two HMO units are vacant
- Freehold
- OIEO £800,000 subject to contract - reflecting a low capital value of £497 psf
- Building benefits from planning permission for change of use of from HMO into 2 x 3 bedroom apartments
- ERV is in the region of £74,000 per annum
