No longer on the market
This property is no longer on the market
Map6 bedroom apartment
Auction
Apartment
6 beds
Key information
Tenure: Leasehold | 90 yrs left
Council tax: Ask agent
Features and description
- 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. ...
Please refer to auctioneer for more informationGuide Price = £625,000+
*For Sale By Online PublicAuction 19th April 2023 09:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*
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.
Tenure
Leasehold. Both flats are held on a 125 year leases from 1st May 1988 (thus approximately 90 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.
Description
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.
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).
Note
Viewings Strictly by Appointment Only - Video Walkthrough Available
Wednesday 12 April 2023 1:45 PM - 14:15
Friday 14 April 2023 1:45 PM - 14:15
*For Sale By Online PublicAuction 19th April 2023 09:00 AM. To inspect the legal documents for this property go to our website to download the legal pack*
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.
Tenure
Leasehold. Both flats are held on a 125 year leases from 1st May 1988 (thus approximately 90 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.
Description
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.
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).
Note
Viewings Strictly by Appointment Only - Video Walkthrough Available
Wednesday 12 April 2023 1:45 PM - 14:15
Friday 14 April 2023 1:45 PM - 14:15
About this agent
Auction House London is the largest branch of the Auction House UK brand. Auction House holds more auctions annually than any other firm of auctioneers in the UK and sold 4,957 properties throughout 2018 – over 1,000 properties more than our closest rivals. Co-founded by Andrew Binstock and Jamie Royston in 2011, Auction House London has grown year on year in its relatively short history to become one of the top 5 residential property auctioneers in the UK. We adopt a modern and dynamic approach to offering high quality auction facilities to both corporate and independent sellers and buyers. We firmly believe in the importance of extensive online marketing campaigns in addition to the traditional offline methods. Our forward thinking approach to auctions has been regularly applauded and we are very proud to be recognised as offering extremely high levels of customer service to all of our clients. With a proven track record in residential and commercial investments and property auctions, the team offers a fresh and energetic approach to their auctions, providing a quality service that achieves the right results for all parties.