• 2 Bedroom apartment +
• Selection of 2 flats +
• £349,950 each +
• Maida Vale +
• Unmodernised Condition +

This is an option to purchase 1 or 2 properties at £349,950 each

Description

The property comprises two self-contained two bedroom flats over the first and second floors with a total combined GIA of approximately 1,222 sq ft.

Tenure
Leasehold. Flat 1 is held on a 125 year lease less three days from 1st May 1988 (thus approximately 89 years unexpired).
Flat 2 is held on a 125 year lease from 1st May 1988 (thus approximately 89 years unexpired).

Location
The property is situated on Malvern Road close to local shops and amenities. The open space of Paddington Recreation Ground is within easy reach. Transport links are provided by Maida Vale underground station (Bakerloo line) and Queen's Park rail station.

Tenancy
The two self-contained flats are currently let on a nightly basis with an income of £65,700 per annum (assuming full occupancy each night).

Head lease includes flat 3 which is let on a term expiring on 5th January 2113 at a rent of £50 per annum and rising to £250 per annum