RESIDENTIAL INVESTMENT OPPORTUNITY 72/74 FERNHEAD ROAD, LONDON W9 3EL
RESIDENTIAL INVESTMENT OPPORTUNITY > 2 adjoining freehold, period terraced buildings configured to provide 7 apartments (3x one beds, x two bed, 3x three beds) > Overall Gross Internal Area (excluding common parts) 370.7 sq m (3,990 sq ft) > Currently producing 9,754 per annum (5 ASTs, regulated tenancy and vacant unit) > ERV circa 40,000 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 3,000,000 subject to contract and the existing tenancies 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 3 minutes, and Queen s Park Underground Station (travel zone 2) with short travel times to London hubs on the Bakerloo line. Paddington Euston Oxford Circus Waterloo (Source: National Rail) 8 minutes 3 minutes 5 minutes 22 minutes There are also a number of bus routes within easy walking distance of the property for connectivity across London. Crown Copyright - licence no. 000890. Based on Ordnance Survey 204. Not to Scale - For Identification Purposes Only.
46 66 2 Kilburn London RESIDENTIAL INVESTMENT OPPORTUNITY 72/74 FERNHEAD ROAD, LONDON W9 3EL 77a 77 ACCOMMODATION SCHEDULE Scheme Details Unit No Floor Floor Area (Sq m) Floor Area (Sq ft) Beds Outside Space Tenancy Type Rent (pw) Rent (p.a.) G 65.0 700 3 Shared Garden AST 295 5,340 2 G 36. 389 Shared Garden AST 270 4,040 3 G 39.2 422 Shared Garden AST 95 0,40 4 42.8 46 - Vacant Vacant 5 72.9 785 3 AST 465 24,80 6 2 42.9 462 2 Rent Act 39.50 7,254 7 2 7.6 77 3 AST 400 20,800 370.7 3,990 9,754 3.6m 96 84 75 63 5 202 90 30.9m 78 37 30.m LB Area : 34.99 m² (3390.54 ft²) 37 FERNLEIGH CLOSE 2 2 4 8 BRADISTON ROAD 3 2 DESCRIPTION REGENERATION 07 The property comprises two adjoining freehold period terraced buildings configured to provide 7 apartments. There are 3 x one bed apartments, 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 9,754 per annum. 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 66 private apartments including conciege and underground parking. The scheme is siutated 50 meters from Queens Park station. 53 58 70 29.7m ASHMORE ROAD 37 25 3 54 44 FERNHEAD ROAD 29.4m 05 03 Beaumont House 7 Church 2 a to 6 Trinity Court 4 28.6m 0 Crown Copyright - licence no. 000890. Based on Ordnance Survey 204. Not to Scale - For Identification Purposes Only.
FLOOR PLANS 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
FLOOR PLANS 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
TENURE The property is held freehold. METHOD OF SALE The property is offered for sale by private treaty. Guide Price 3,000,000 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. CONTACTS For further information please contact: Davina Clowes James Laverack dclowes@savills.com jlaverack@savills.com +44 (0) 20 706 3838 +44 (0) 20 706 3770 FURTHER INFORMATION A full set of background information including EPCs is available upon request. Important Notice Savills, their clients and any joint agents give notice that:. 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 October 204