Investment Opportunity for sale in Golders Green, London NW11

| Repayments£550,000

Homes & Property present this Investment Opportunity for sale in Golders Green, London NW11 as advertised by Willmotts Property Services, Hammersmith
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Investment Opportunity for sale:
Golders Way, Golders Green, London NW11


A pair of self contained flats within an attractive listed building. Both flats are currently let on AST agreements with a total income of £18,199.00. Plannning persmission is granted for conversion of the loft space to provide an additional bedroom & bathroom to be added to the top flooor flat. For further information please contact Shahid Sadiq - 020 8222 9945

Ref: FAP/SS/DEV

Further details

INVESTMENT/ DEVELOPMENT OPPORTUNITY

A pair of long leasehold self-contained flats within a Listed Building. The properties are currently let on Assured Shorthold Tenancies and are income producing. The flats are presented in reasonable order but would benefit from certain updating. The current rents are considered to be reasonable but would allow for a considerable review subject to modernisation.

Situated overlooking Golders Green Road with access from Golders Way. Public transport includes Golders Green Underground station and Cricklewood mainline Station. The flats are located within the Conservation area.

Current Accommodation;

First Floor Flat: Two bedrooms, Reception room, Kitchen, Bathroom/WC.

Second Floor Flat:
Entrance Floor: Two bedrooms, Reception room, Kitchen, Bathroom/WC.
Attic Floor: Loft Area.

TENANCIES

20a; 12 months from 16.12.2005(Holding Over) at arent of £7800.00pa
20b; 12 months from 26.02.2007 at arental of £10,400.00pa

PLANNING
Planning permission and 'listed building and conservation area consent' have been granted by London Borough of Barnet to facilitate a loft conversion to provide the following in conjunction with the second floor flat:

Entrance Floor: Two Further bedrooms, Reception/dining room, Kitchen, Bathroom/WC.
Top Floor: Master Bedroom with walk-in dressing room. Ensuite Bathroom/WC.

Anticipated Values

Sales ; £395-375,000 Rental: £325.00 pw /£16,900.00pa

In accordance with the Property Misdescriptions Act (1991) we have prepared these sales particulars as a general guide to give a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floorplans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts.