Investment Property London W3 £285,000

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Auction date: Fri, 06/12/2019 - 12:00

The property consists of a commercial unit on the ground floor let on a 10 year lease from 3/8/2011 producing a current rent of £9,000 P.A with rent reviews due on the 5th and 8th anniversaries (ie 3/8/2016 and 2019). Neither of these reviews have been actioned. The lease is due to expire on 02/08/21 and any intending purchaser can negotiate new terms with the tenant. The upper parts are split into four selfcontained flats that have been sold off on leases, 3 of which are at 65 years unexpired. The overall current income for this lot is £9,480 P.A.

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