Fordwych Road, London, NW2 3TL

SUMMARY * Opportunity to acquire an underlet freehold block of 8 apartments with existing income, HMO licensing, and significant potential to extend and reconfigure.

LOCATION * The property is situated on Fordwych Road, the location benefits from proximity to the amenities of West Hampstead and Kilburn High Road.

* Located within the London Borough of Camden, the area offers excellent transport links, the property is approximately a 7-minute walk to Kilburn (Jubilee Line) and a 15-minute walk to West Hampstead (Thameslink) stations, providing rapid access to Central London.

DESCRIPTION * The property comprises 8 apartments (4 x Studios and 4 x 1-Bedrooms) with a total Net Internal Area (NIA) of 2,422 SqFt.

* Income: o Current Income, all 8 apartments are let on ASTs: £130,200 per annum. o Reversionary Potential: Estimated at £137,858 per annum based on current Local Housing Allowance (LHA) rates.

o Reversionary Potential based on private ASTs : £147,300 per annum * We have been advised that an HMO licence is in place [C4 Use Class].

PLANNING * Planning was submitted on 13th May 2016, later withdrawn for the "Extension of existing basement to the front and rear to provide 1 2-bed flat, erection of lower ground and ground floor rear extension and merging of 2 studio flats at ground floor level to provide 1 2-bed flat." (Planning Ref.

2016/0309/P) * The proposed scheme would create 3 reconfigured apartments (combining units and excavating) to provide a total proposed area of 2,187 SqFt (NIA).

* There is also potential to for a loft extension similar to neighbouring properties. (Subject to obtaining necessary consents).

TERMS * The property is not elect for VAT * The property is offered Freehold. * Price On Application