Block of flats for sale in Ballogie Avenue, London NW10

Investment Consideration:
Gross Initial Yield: 6.59%
Rental Income: £92,192 p.a.
VAT is not applicable to this property
Comprises 6-bed HMO house. Each studio benefits from en-suite and kitchen.
Situated within short walk from Neasden Underground Station and Tesco Extra.

Property Description:
Comprises mid-terrace 6-bed HMO. Each studio benefits from en-suite and kitchenette, along with large communal kitchen and living room, providing the following accommodation and dimensions:
Ground Floor:
Studio 1 - 17 sq m (183 sq ft)
Studio 2 - 24 sq m (258 sq ft)
Studio 3 - 20 sq m (215 sq ft)
First Floor:
Studio 4 - 19 sq m (204 sq ft)
Studio 5 - 16 sq m (172 sq ft)
Communal Living Room
Second Floor:
Studio 6 - 16 sq m (172 sq ft)
Communal kitchen
Total area size: 112 sq m (1,204 sq ft)

Tenancy:
Studio 1 is at present let on R2R Agreement to Caridon Property Ltd for a term of 10 Years from 25th February 2022 at a current rent of £15,365.40 p.a. Mutual break option from 3rd year with min 2 month`s notice.
Studio 2 is at present let on R2R Agreement to Caridon Property Ltd for a term of 10 Years from 9th March 2022 at a current rent of £15,365.40 p.a. Mutual break option from 3rd year with min 2 month`s notice.
Studio 3 is at present let on AST to an Individual for a term of 12 Months from 7th December 2020 at a current rent of £15,365.40 p.a. Holding over.
Studio 4 is at present let on R2R Agreement to Caridon Property Ltd for a term of 10 Years from 15th March 2022 at a current rent of £15,365.40 p.a. Mutual break option from 3rd year with min 2 month`s notice.
Studio 5 is at present let on R2R Agreement to Caridon Property Ltd for a term of 5 Years from 15th August 2022 at a current rent of £15,365.40 p.a. Mutual break option from 3rd year with min 2 month`s notice.
Studio 6 is at present let on R2R Agreement to Caridon Property Ltd for a term of 10 Years from 7th March 2022 at a current rent of £15,365.40 p.a. Mutual break option from 3rd year with min 2 month`s notice.

Location:
Neasden is a suburban area in northwest London, England. It is located around the centre of the London Borough of Brent and is within the NW2 (Cricklewood) and NW10 (Willesden) postal districts. The property is situated on a quiet residential street within short walk from Neasden Underground Station and Tesco Extra.