Block of flats for sale in Drake Road, Harrow HA2

Investment Consideration:
Gross Initial Yield: 4.80%
Rental Income: £34,800 p.a.
VAT is not applicable to this property
Comprises 2 residential flats (1 x 3-Bed & 1 x 2.5 Bed)
Each flat benefits from its own private garden at rear
Newly converted in 2020 to a high standard
Situated within short walk to Rayners Lane underground station, with occupiers nearby including Tesco Express, Post Office, Pharmacy, Restaurants and many more.

Property Description:
The property comprises end-of-terrace house converted in 2020 to 2 Residential Flats (1 x 3-Bed and 1 x 2.5 Bed), providing the following accommodation and dimensions:
Ground Floor: Flat 1 57 sq m (613 sq ft)
3 Bedrooms, Kitchen/Living Room, Bathroom, Garden
First Floor & Loft: Flat 2 59 sq m (635 sq ft)
2 Bedrooms, Study, Kitchen/Living Room, Bathroom, Garden

Tenancy:
Flat 1 is at present let on AST to an Individual for a term of 12 Months from 8th April 2023 at a current rent of £18,600 p.a. Deposit held of £1,550.
Flat 2 is at present let on AST to an Individual for a term of 12 Months from 22nd April 2023 at an agreed rent of £16,200 p.a.

Location:
North Harrow is a suburban area of North West London, situated north-west of central Harrow within the London Borough of Harrow. Rayners Lane is a suburban district in the London Borough of Harrow that forms the western part of Harrow. Located between Pinner and West Harrow, it takes its name from a road in the area, also called Rayners Lane which runs from Marsh Road in Pinner to Eastcote Lane in South Harrow. The property is situated within short walk to Rayners Lane Underground Station with occupiers nearby including Tesco Express, Post Office, Pharmacy, Restaurants and many more.