residential investment opportunity 172/174 fernhead...

RESIDENTIAL INVESTMENT OPPORTUNITY

172/174 FERNHEAD ROAD, LONDON W9 3EL

RESIDENTIAL INVESTMENT OPPORTUNITY | 172/174 FERNHEAD ROAD, LONDON W9 3EL

172-174 Fernhead RoadKilburnLondon

Ordnance Survey © Crown Copyright 2014. All rights reserved. Licence number 100022432. Plotted Scale - 1:10382

LOCATION

The property is located on the west side of Fernhead Road, a quiet residential road on the edge of Maida Vale, in the City of Westminster. It is approximately 4 miles to the north west of central London.

The property’s location allows swift access into central London. It is approximately 500m south of Queen’s Park Overground station, which provides direct access to London Euston in approximately 13 minutes, and Queen’s Park Underground Station (travel zone 2) with short travel times to London hubs on the Bakerloo line.

Paddington 8 minutes

Euston 13 minutes

Oxford Circus 15 minutes

Waterloo 22 minutes

(Source: National Rail)

There are also a number of bus routes within easy walking distance of the property for connectivity across London.

RESIDENTIAL INVESTMENT OPPORTUNITY

> 2 adjoining freehold, period terraced buildings configured to provide 7 apartments (3x one beds, 1x two bed, 3x three beds)

> Overall Gross Internal Area (excluding common parts) 370.7 sq m (3,990 sq ft)

> Currently producing £91,754 per annum (5 ASTs, 1 regulated tenancy and 1 vacant unit)

> ERV circa £140,000 per annum

> Located to the west of Maida Vale providing quick access into Notting Hill and The West End

> Situated approximately 500m south of Queens Park Underground Station (Travel Zone 2 – Bakerloo), and Queens Park Overground Station

> Located close to South Kilburn regeneration area

> Guide Price £3,300,000 subject to contract and the existing tenancies

Crown Copyright - licence no. 100018190. Based on Ordnance Survey 2014. Not to Scale - For Identification Purposes Only.


DESCRIPTION

The property comprises two adjoining freehold period terraced buildings configured to provide 7 apartments. There are 3 x one bed apartments, 1 x two bed apartment and 3x three bed apartments. The overall gross internal area (excluding common parts) extends to 370.7 sq m (3,990 sq ft).

The three ground floor flats have access to the gardens to the rear of the property.

Apartments are currently let on AST agreements, with the exception of Flat 6 which is occupied by a rent act tenant and Flat 4 which is vacant. The current passing rent is £91,754 per annum.

Scheme Details

Unit No

Floor Floor Area (Sq m)

Floor Area (Sq ft)

Beds Outside Space Tenancy Type

Rent (pw) Rent (p.a.)

1 G 65.0 700 3 Shared Garden AST £295 £15,3402 G 36.1 389 1 Shared Garden AST £270 £14,0403 G 39.2 422 1 Shared Garden AST £195 £10,140

4 1 42.8 461 1 - Vacant Vacant

5 1 72.9 785 3 AST £465 £24,180

6 2 42.9 462 2 Rent Act £139.50 £7,254

7 2 71.6 771 3 AST £400 £20,800 370.7 3,990 £91,754

REGENERATION

The wider area is currently undergoing significant regeneration with the South Kilburn regeneration Masterplan due to deliver 2,400 homes in addition to public amenities.

Most notably at Queens Park ‘Queens Park Place’ is under construction. London & Newcastle are developing 166 private apartments including conciege and underground parking. The scheme is siutated 50 meters from Queens Park station.

ACCOMMODATION SCHEDULE

CR

28.2m

30.1m

29.7m

31.6m

30.9m

28.6m

29.4m

LB

BRADISTON ROAD

ASHM

OR

E RO

AD

FERN

HEA

D R

OAD

FERN

LEIGH

CLO

SE

House

7

1a

Trinity

144

132

154

166

141

190

178

175

163

151

125

113

202

153

107

137

101

1011

93 56

115

8

170

196

184

146

103

2

137

177

177a

1137

2

24

18

12

121

1 to 6

Court

129

1

134

13

105

Church

Beaumont

Area : 314.991 m² (3390.54 ft²)

0m 10m 20m 30m

172-174 Fernhead RoadKilburnLondon

Ordnance Survey © Crown Copyright 2014. All rights reserved. Licence number 100022432. Plotted Scale - 1:1250

Crown Copyright - licence no. 100018190. Based on Ordnance Survey 2014. Not to Scale - For Identification Purposes Only.


FLOOR PLANS

172/174 Fernhead Road London W9 3EL

These floor areas have been supplied by the vendor and we understand they have been measured in accordance with the RICS Code of Measuring Practice

Important Notice

Savills, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Designed and Produced by Savills Marketing: 020 7499 8644 | July 2014

TENURE

The property is held freehold.

METHOD OF SALE

The property is offered for sale by private treaty.

Guide Price £3,300,000 for the freehold interest subject to contract and the existing tenancies.

Should a closing date be set for the submission of best bids, all parties who have expressed an interest will be advised accordingly.

FURTHER INFORMATION

A full set of background information including EPCs is available upon request.

CONTACTS

For further information please contact:

Davina Clowes James Laverack [email protected] [email protected] +44 (0) 20 7016 3838 +44 (0) 20 7016 3770


residential investment opportunity 172/174 fernhead...

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