Property Information
Address:
Kingston House, 228 - 238 Imperial Drive, Pinner, Greater London
, HA2 7HJ
, Greater London
, United Kingdom
Price: Property no longer available.
Size: 14 to 60 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH653218
Property Ref/Agent: 160
*Please use the agent ref when calling the agent directly.
Property description
Kingston House is a principally a residential investment comprising 12 x 1 bedroom flats.
The block is to be sold freehold, including the
4 ground floor shops with basements which have been sold on 999 year leases at peppercorn ground rents.
Each flat is self contained and provides for a living room, bedroom, kitchen and bathroom. Floor plans are available.
The property is well maintained and has an excellent track record of being fully occupied.
Location
Kingston House is enjoys a perfect location to appeal to the residential rental market, being situated opposite Rayners Lane Underground Station (Metropolitan and Piccadilly Line) and within the local shopping area of Imperial Drive and Rayners Lane, which accommodates a Sainburys Local, Tesco Express, Iceland and Costa Coffee.
There is also a wide range of independent retailers & restaurants.
Terms
The property is for sale freehold with the benefit of the rental income and existing tenancies.
The asking price is £2,950,000 subject to contract.
Viewing
The property is fully occupied.
Viewings are strictly by prior arrangement via sole agents Chamberlain Commercial. Contact Tony Chamberlain 7.
Energy Rating
A schedule of EPC ratings for each flat is available in the sales pack.
Rental And Income
The flats are fully let by way of standard Assured Shorthand Tenancy agreements.
The average income is approximately £120,000 per annum.
The 4 shops and basements were sold between 1996 -1998 by way of 999 year leases with peppercorn ground rents.
A full tenancy schedule is available upon request.
Fully Let on AST Agreements
Close to Rayners Lane Tube
Further Commercial Ground Rents
Scope for Additional Floors
;