Seven Self-Contained Flats in an unbroken Freehold block (with potential to convert back into two houses STP).
- An unbroken block of 7 converted flats in a pair of terraced buildings
- Let on Assured Shorthold Tenancies (ASTs)
- Potential to reconfigure / refurbish / redevelop / convert
- GIA of the building 496 sqm (5,339 sqft) (approx) - GIA of individual flats approximately 441.5sqm (4,753 sqft)
- Gross Rental Income - £122,919.84 pa
- Freehold, subject to the ASTs
- Offers in excess of £3.5million, subject to contract
The property is situated on the northern side of Bickerton Road which links Junction Road with Dartmouth Park Hill. Dartmouth Park is opposite the property and Hampstead Heath is within a mile of the property.
this is an improving residential area between Tufnell Park and Archway (Northern Line). Archway Tower, a 17 storey fully refurbished and converted tower block, now known as Vantage Point, has stared the regeneration of the area which involves the Archway roundabout being pedestrianised. A significant capital input has been injected by Islington Council.
Good local shopping facilities are available and access into central London, which is only 4 miles distance, is by bus or railway networks.
Description & Accommodation
This is a three storey building of traditional construction featuring two front gables. We believe it was originally a pair of Victorian houses, before it was converted to provide warehouse/workshop acommodation many years ago. The building was subsequently converted to provide seven apartments in 2010.
The property comprises the following accommodation:
Flat 1 (Ground)
Three bedrooms, living room, kitchen/diner, shower room, cloakroom and bathroom. Access to private garden
Flat 2 (Ground)
One bedroom, living room, kitchen and bathroom. Access to private garden
Flat 3 (First)
Three bedrooms, living room, kitchen/diner, bathroom
Flat 4 (First)
One bedroom, living room, kitchen/diner, bathroom
Flat 5 (Second)
One bedroom, combined living room/kitchen, shower room
Flat 6 (Second)
Studio room with bathroom
Flat 7 (Second)
One bedroom, living room/kitchen and bathroom
Flat 1 - 108 sqm (1,163 sqft) - £27,240 pa - 15.2.2017 to 14.2.2018 (unsigned copy of lease)
Flat 2 - 42.5 sqm (457 sqft) - £16,119.96 pa - 16.9.2017 to 15.9.2018
Flat 3 - 98 sqm (1,055 sqft) - £23,400 pa - 3.10.2016 to 2.10.17 (holding over but new lease for Feb 18 to Oct 18 has now been signed)
Flat 4 - 48 sqm (517 sqft) - £15,080.04 pa - 31.8.2017 to 30.8.2018
Flat 5 - 62 sqm (667 sqft) - £13,519.92 pa - 9.5.2015 to 8.5.2016 (holding over)
Flat 6 - 35 sqm (377 sqft) - £11,959.92 pa - 3.7.2017 to 2.7.2018
Flat 7 - 48 sqm (517 sqft) - £15,600 pa - 17.3.2017 to 16.3.2018
Informal Tender Terms
Davis Brown is instructed as sole agents to invite best unconditional offers for the freehold interest with the benefit of ASTs.
Offers are to be received at the offices of Davis Brown by 12noon on Friday 16th February 2018
Davis Brown for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchasers, or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Davis Brown or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property; (iv) all rentals and prices quoted are exclusive of VAT (if chargeable)
SUBJECT TO CONTRACT