Residential development for sale

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Residential development for sale

106-112 East Lane, The London Borough of Brent, London, HA0
£1,850,000

Our Summary

  • There are various asset management opportunities to increase income and capital value by updating of each unit (ERV £108,600 per annum), extending and/or converting to HMO or individual flats (STPP)

Description

This freehold portfolio consists of four semi-detached houses, including one two-bedroom and three three-bedroom units, totaling 315 square meters or 3,383 square feet. The properties are currently let on assured shorthold tenancy (AST) contracts, generating a gross annual income of £85,800. Located in a desirable area, the property is close to local amenities, a Tesco supermarket, and North Wembley station, which is less than 100 meters away. With an estimated rental value of £108,600 per annum, there are various opportunities to increase income and capital value by updating each unit, extending or converting them into a house in multiple occupation (HMO) or individual flats, subject to planning permission.
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