Initial price	£1,500,000
26/06/24	£1,235,000
12/09/24	£975,000
Price Change	-35.00%

This property is a freehold residential and ground rent investment opportunity, 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 self-contained flats are currently let on a nightly basis, generating an annual income of £126,560.10. Alternatively, there is an option to let the building on a single RPI lease to a housing association for a term of 10 years, commencing in September 2021, with a rent of £98,632 per annum, increasing annually in line with the RPI. The property offers a net yield of 6.7% and is available for sale via secure online bidding, with terms and conditions applying. Early viewing and negotiation are recommended.