Property for sale

Malvern Road, Maida Vale, London NW6

This mixed use, freehold building consisting of two, two bed apartments and a ground floor commercial unit is being offered to the market chain free.

The two identical flats have benefitted from recent renovations to a high standard throughout and are currently occupied with ASTs in place. Thanks to being two bed, two bath with well balanced double bedrooms, the flats have always been easily rented out. The Post Office on the ground and lower ground floors has been leased out on a 12 year lease from 2014 (so there are 2 years remaining).

The current total annual income from the building is in the region of £73,000, which at the current asking price is a yield of 5.04%. This combined with the potential for a loft extension via a dormer (STPP) means this is a solid investment for now with the potential to grow.

Location
Located between Maida Vale, Notting Hill and Queens Park, the building is situated in a growing neighbourhood with a large number of new developments. Being close to Queens Park, Maida Vale and Westbourne Park Stations provides the area with an abundance of excellent transport links to all of the capital as well as further afield thanks to Paddington Station being only two tube stops away.

With a wide variety of world famous London attractions in walking distance, such as Portobello Market, Hyde Park and Abbey Road, there is a plethora of local amenities, from shops and cafes to outstanding schools, as well as range of fantastic green spaces to enjoy on the door step. All of this ensures the area retains its desirability to both tenants, owner occupiers and shop owners.

Description
This mixed use, freehold building consisting of two, two bed apartments and a ground floor commercial unit is being offered to the market chain free.

The two identical flats have benefitted from recent renovations to a high standard throughout and are currently occupied with ASTs in place. Thanks to being two bed, two bath with well balanced double bedrooms, the flats have always been easily rented out. The Post Office on the ground and lower ground floors has been leased out on a 12 year lease from 2014 (so there are 2 years remaining).

The current total annual income from the building is in the region of £73,000, which at the current asking price is a yield of 5.04%. This combined with the potential for a loft extension via a dormer (STPP) means this is a solid investment for now with the potential to grow.

Accommodation
The unit is made up of:

Commercial unit on the ground and lower ground floors - 148.24 m2
Flat 1 - 56.62 m2
Flat 2 - 56.62 m2

Total - 261.48 m2