Initial price	£1,235,000
12/09/24	£975,000
Price Change	-21.05%

This property is a freehold residential and ground rent investment, comprising a shop and seven self-contained studio flats on Willesden Lane. The property has a total combined GIA of approximately 1,799 sq ft and benefits from a rear garden and a second-floor terrace. The seven studio flats are currently let on a nightly basis, generating an income of £126,560.10 per annum. There is also an option to let the building on a single RPI lease to a housing association for a term of 10 years, commencing September 2021, at a rent of £98,632 per annum, with no break clause. The property offers a net yield of 6.7% and is being sold via secure online bidding, with viewing open house on Thursday, July 4th.