RESIDENTIAL HMO INVESTMENT OPPORTUNITY · 2020. 11. 27. · RESIDENTIAL HMO INVESTMENT OPPORTUNITY....
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12 Kenton Road, Harrow HA1 2BW RESIDENTIAL HMO INVESTMENT OPPORTUNITY
Transcript of RESIDENTIAL HMO INVESTMENT OPPORTUNITY · 2020. 11. 27. · RESIDENTIAL HMO INVESTMENT OPPORTUNITY....
12 Kenton Road, Harrow HA1 2BW
RESIDENTIAL HMO INVESTMENT OPPORTUNITY
12 Kenton Road, Harrow, HA1 2BW1
EXECUTIVE SUMMARY
• Located 0.4 miles from Harrow on The Hill Station (Mainline and Metropolitan Line) and a further short walking distance from Harrow Town Centre.
• The building is arranged over Ground and two upper floors and comprises a total of eight units.
• Seven are non self contained and benefit from shared kitchen and bathroom facilities.
• The eighth unit is self contained and benefits from direct access to the side of the property.
• The total GIA of the building is 2,348 sq ft.
• The building is in good decorative order although could benefit from some modernisation.
• The property benefits from 3 off-street car parking spaces with one demised specifically to the self contained unit.
• An HMO licence is in place.
• Currently five of the units are let producing a rental income of £41,760pa.
• The ERV once fully let is in the region of £76,260pa.
• Freehold.
• We are instructed to quote £975,000 subject to contract.
12 Kenton Road, Harrow, HA1 2BW2
LOCATIONThe property is located on a quiet residential road overlooking Harrow Hill Golf Course in the London Borough of Harrow.
Situated only a 10-minute walk from popular shopping centres: St Anns and St George’s. Both shopping centres offer a combined selection of retail stores, restaurants, bars, a gym and a cinema.
CONNECTIVITY
Harrow-on-the-Hill Underground Station (Metropolitan line) is a 10-minute walk away and provides easy access into central London and towards Aldgate via Finchley Road. Also served by the Metropolitan line is Northwick Park Station, which is a mere 5-minute walk from the property.
Kenton Station, located on Kenton Road and served by both the Overground and the Bakerloo line is also within a 7-minute walk from the property. Road users can access the City via car in as little as 30 minutes via the A40. Heathrow Airport is also within a half hour’s drive from the property’s address.
12 Kenton RoadHarrow on the Hill
Underground Station Northwick Park Underground Station
Kenton Underground & Overground Station
12 Kenton Road, Harrow, HA1 2BW3
12 Kenton Road, Harrow, HA1 2BW4
FLOOR PLANS
Ground Floor First Floor Second Floor
12 Kenton Road, Harrow, HA1 2BW5
Unit Number ERV per month Agreed rent per month
Flat 12a £1,280 £1,280
Room 1 £800 Vacant
Room 2 £800 Vacant
Room 3 £725 £550
Room 4 £675 Vacant
Room 5 £800 £800
Room 6 £725 £500
Room 7 £550 £350
Total £6,355 £3,480
Total ERV once fully let: £76,260
TENANCY & ACCOMODATION SCHEDULE
PROPERTY DESCRIPTIONThe building comprises a total of eight units – seven of which are non self contained although they all benefit from in room vanity units. Operating under as an HMO, the property therefore has communal facilities including a communal kitchen on the ground floor and toilet or bathroom facilities on each.
Unit 12a is accessed directly from the street via the side gate and itself is a completely self contained one bedroom unit.
There is potential to substantially increase the rental income by way of increasing the historic rent.
12 Kenton Road, Harrow, HA1 2BW6
CONTACTFor further information or to arrange a viewing, please contact us:
Rebecca Searle+44 (0)20 7266 8524+44 (0)7886 370 [email protected]
Daniel Minsky+44 (0)20 7266 8520+44 (0)7866 466 [email protected]
DISCLAIMER: The particulars are set out as a general outline only for the guidance of intended purchasers or lessees and do not constitute or constitute part of an offer or contract. All descriptions, dimensions, reference to condition and necessary permissions for use and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact, but must themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Estate Office, their clients or any joint agents have authority to make or give any representation or warranty whatsoever in relation to this property. November-2020
TENURE Freehold
EPCAvailable on request
VIRTUAL WALKTHROUGH & ADDITIONAL PHOTOSCan be accessed by clicking here
PROPOSALWe are instructed to quote £975,000 subject to contract
Prash Jaitley +44 (0)20 3771 0697 +44 (0)7961 853 [email protected]
Joseph Bachman +44 (0)20 3771 0697+44 (0)7723 619 270 [email protected]
