Block of flats for sale in Ashmore Road, London W9

The property has an apartment at ground floor level, which has been sold off and there are 6 studios across the first and second floors.

Ideally located within 0.4 miles from Queens Park Underground Station (Bakerloo Line & Overground).

Gia – 1,215 sq ft.

Fully let producing a current passing rent of £76,340 per annum.

Local agents have advised the Estimated Rental Value is in the region of £88,800 per annum.

Approved Planning Permission from Westminster Council (23/04829/full) for loft conversion for the extension of 2nd floor front studio into duplex apartment, adding an additional 210 sq ft of useable floorspace plus eaves storage.

The building is presented in good decorative order throughout.

All units benefit from cooking facilities, two are fully-self contained and two benefit from an en-suite shower room.

Valid HMO license and Certificate of Lawful Use in place.

Freehold.

Ground Floor flat sold off on a long lease.

Offers In Excess Of £800,000 (Eight Hundred Thousand Pounds) subject to contract. This reflects a gross yield of 9.54%, reversionary to 11.10% against the erv and a low capital value of £658 psf.