Buy-to-let first-floor flat; sold at auction with immediate rental income.
One bedroom first-floor flat with open-plan reception kitchen
A first-floor one-bedroom flat in a purpose-built block, currently let on an Assured Shorthold Tenancy producing £17,400 per year. The apartment offers open-plan living with a fitted kitchen, double glazing and an EPC rating of C. The lease has about 107 years remaining, providing long lease security for buyers.
This lot will be sold at public auction; bidders should review the legal pack before attending. Note there is a buyer's premium of £900 (inc VAT) plus an auctioneer administration fee of £1,500 (inc VAT) payable on completion. The property is sold subject to the existing tenancy and tenancy documents should be checked for terms and notice provisions.
Location benefits include Kilburn Park open spaces, nearby shops and good transport links (Queen's Park overground and Bakerloo line). Practical considerations: broadband speeds are reported slow, crime levels are above average locally and the wider area shows some deprivation—factors to weigh for longer-term rental demand or owner-occupation potential.
This is aimed at investors seeking an income-producing London flat with long leasehold security and immediate cashflow. Interested buyers should inspect legal and tenancy documentation and be prepared for auction costs and the additional buyer fees stated in the addendum.