Monday, 13 August 2012

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A LARGE RESTAURANT AND 6 FLATS (FULLY LET) WITH THE OPPORTUNITY OF SUBSTANTIAL PROFIT ON BREAK-UP

CHIPPENHAM ROAD, MAIDA VALE LONDON W9

FREEHOLD

£3,000,000


LOCATION:  The property is located at the corner of Chippenham Road and Elgin Avenue and is close to both Maida Vale and Westbourne Park underground stations.



DESCRIPTION:  A former public house with 6 flats above (approached via a separate entrance on Elgin Avenue).

The ground and basement floors measure approximately 3,600 sq ft in total with 2,300

sq ft on the ground floor and 1,300 sq ft in the basement (as advised by the vendor).

The upper parts are approached via a separate entrance on Elgin Avenue and comprise 3 x 1 bedroom flats and 3 x two bedroom flats arranged over first, second and third floors.  We are advised by the vendor that the net saleable area of the residential is approximately 4,300 sq ft although they are awaiting a measured survey.

There is space between the building and the neighbouring building for possible further development as an infill which could provide more residential space subject to planning permission.



TENANCIES:  The ground floor and basement are let as a gastro pub/restaurant, which has a strong local clientele, to Faucet Inn Ltd. who operate approximately 23 locations around London and the South West.



The upper parts are let to assured shorthold tenants.



1.  Firstly, we believe the income (ERV) should be c. £173,100 per annum.  This is because we believe the 1 bedroom flats should be let for at least £325 per week and the 2 bedroom flats should be let for £400 per week.



2.  Based on 4,300 sq ft of net saleable area for the residential we believe this should fetch at least £650 per sq ft giving a re-sale on the residential of c. £2.8m.  The £60,000 income from the restaurant on a 20 year lease should sell on a yield of 7% giving a further c. £860,000 giving a total break-up/re-sale value of c. £3.66m. 

Sunday, 29 July 2012

2 printers Mews London E3


5 Bedroom 2 Bathroom


2 Printers mews

London E3



£650,000

AWAITING IMAGES


Property features

  • Balcony
  • Central heating
  • Double glazing
  • Garden
  • Parking

Property description



Superb 3 story, 5 bedroom, 2 bathroom house in the Victoria Park vicinity. This property offers 5 spacious double bedrooms and 2 modernised bathrooms as well as a spacious lounge a large kitchen and well presented garden with a gated entrance and parking this would be perfect for a large family or as an investment property. Situated only 1 minute away from Victoria Park and only 10 minutes away from Mile End underground station. 

ENQUIRIES TO Mark Greenwood  07716023743

conceptpropertysolutions@gmail.com



Friday, 15 June 2012

EAST COTTAGE CUMREW, HEADS NOOK, BRAMPTON

EAST COTTAGE CUMREW, HEADS NOOK, BRAMPTON 


3 BEDROOM COTTAGE


IDEAL HOLIDAY LET INVESTMENT


A well presented 3 bedroom semi detached property situated in the scenic area of Brampton bordering the Lake District.


The property benefits from central oil heating and double glazing it also has off street parking for 2 vehicles.


RICS VALUE £235,000


ASKING PRICE £199,750


INSTANT EQUITY £35,250







Contact Mark Greenwood 07716023743


Email  conceptproprtysolutions@gmail.com






Thursday, 14 June 2012


Prominent Part Income Producing Office Building


FOR SALE FREEHOLD

12,654 sq ft (1175.55 sq m)

Suitable for owner occupation & investment

231 Shenley Road, Borehamwood, Herts.WD6 1TE



Description:
The building is prominently located at the roundabout linking Shenley Road and Elstree Way. The building is situated immediately opposite Elstree Studios and a Tesco superstore.

The A1 is 1.5 miles to the east providing access to junction 23 of the M25, which is less than 3 miles from Borehamwood.

The property is within walking distance of Elstree and Borehamwood Station, which provides frequent Thameslink services to London St Pancras International (21 minutes), Gatwick Airport (75 minutes) andLuton Airport (34 minutes).

The property forms part of a prominent office complex and is arranged as a 4 storey detached self contained building.

There is a glazed entrance lobby with stairs and lift serving all floors.

The ground and first floor are currently leased on the terms below, while the second and third floors are vacant providing largely open plan office areas. There are WC’s and kitchen facilities on each floor.

There is on site car parking to the rear of the building for up to 25 cars.

Accommodation
We have made a measured inspection in
accordance with the Sixth Edition of the RICS
Code of Measuring Practice and calculate the
following net internal floor areas:
Ground Floor 3,165 sq ft
First Floor 3,165 sq ft
Second Floor 3,165 sq ft
Third Floor 3,165 sq ft
Total 12,654 sq ft NIA

Amenities:
 Prominent location
 Walking distance of station
 25 parking spaces
 Passenger lift
 Male and female WC’s
 Kitchen facilities

Tenure
Freehold subject to the following tenancies:

Ground & First Floor
Let to Ranger Services Limited at a rent of £80,000
p.a inclusive of service charge on both floors and
inclusive of rates on the ground floor. The lease is
on full repairing terms subject to a schedule of
condition on the ground floor expiring on 2
December 2012, with a mutual break option at 3
December 2013. The lease is outside the Landlord
& Tenant Act.

Price
Offers in the region of £1,250,000 are sought for the
freehold interest.

OFFERS INVITED

Contact Mark Greenwood

07716023743

conceptpropertysolutions@gmail.com










Sunday, 20 May 2012


DOWNHILLS ROAD N17


£449,995

AWAITING IMAGE

X6 APARTMENTS  

RENTAL INCOME £28,500 WITH POTENTIAL £39,000 pa


This is an extended mid terrace house arranged into 6 flats, 2 x 1 beds and 4 studios, all self contained with own bathrooms and kitchens . Although provisions for separate meters are installed to all flats, at present, all flats feed off one meter and the landlord pays the bills. The flats were split without planning permission but has establish use since 2004. The extensions have building control certificates.

All flats are tenanted and achieving a combined rent of £28,500 pa. All are under price and potentially the income could be as much as £39,000 pa. For example, a studio flat is currently let for £120.00 when it could achieve £160-£180 per week. 1 bed flats are let for £150.00 per week when it could achieve £200-£220.00 per week.

Asking price is £449,995 which is below market price for a  quick sale. Similar properties in the area are valued between £500-£550,000.00.

Downhills Park Road N17 is a residential road off Philip Lane close to tube and bus services to Central London. A large Tesco and Tottenham Hale Tube station are also within easy reach.

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