Flats 1-5, 197 Walm Lane, Cricklewood, London, NW2 3BU
Property Description
Comprising 4 self-contained flats and a duplex apartment within this popular residential area just off the A5 Cricklewood Broadway/Shoot-Up Hill and about ½ mile from Cricklewood railway station and Kilburn underground station (Jubilee line).
Tenancy Schedule
| Property | Accommodation | Tenant | Term | Rent p.a. |
|---|---|---|---|---|
| Flat 1, 197 Walm Lane NW2 (Ground Floor) | 3 bedrooms (1 with en-suite), living room, kitchen, bathroom/toilet. Garden | Individual | 12 month AST from 17.04.2016 (holding over) at £1,950 pcm | £23,400 p.a. |
| Flat 2, 197 Walm Lane NW2 (First Floor) | 1 bedroom, living room/kitchen, bathroom/toilet | Unknown | Unknown | Unknown |
| Flat 3, 197 Walm Lane NW2 (First Floor) | 1 bedroom, living room/kitchen, shower/toilet | Individual | 12 month AST from 14.10.2016 (holding over) at £1,343.33 pcm | £16,119.96 p.a. |
| Flat 4, 197 Walm Lane NW2 (Second Floor) | 2 bedrooms, living room, kitchen, bathroom/toilet | Individual | 12 month AST from 18.06.2024 AT £1,500 pcm | £18,000 p.a. |
| Flat 5, 197 Walm Lane NW2 (Ground & First Floor Duplex) | 2 bedrooms, living room/kitchen, bathroom/toilet. Garden | 2 inididuals | AST commencing 20.02.2023 at £1,300 pcm | £15,600 p.a. |
PRODUCING AN UNDER-RENTED INCOME EQUIVALENT TO £73,119.96 p.a. PLUS FLAT 2 WHICH IS ON UNKNOWN TERMS
1. Each flat is also held on a 125 year lease from 25.12.2002. These leases are included within the Lot and will be assigned to the buyer.
Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408 robert.woolfe@strettons.co.uk
The property is now being sold with the Freehold. Each flat is also held on a 125 year lease from 25.12.2002. These leases are included within the Lot and will be assigned to the buyer.
The property is within a Conservation Area.
* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.
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Flats 1-5, 197 Walm Lane, Cricklewood, London, NW2 3BU
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