Initial price	£1,150,000
12/09/24	£975,000
Price Change	-15.22%

This property is a 900+ year leasehold investment comprising five self-contained studio flats, located on Kilburn High Road with easy access to local shops, amenities, and transport links. The flats have a total GIA of approximately 1,264 sq ft and are currently rented out on a nightly basis, generating an annual income of £68,057.90. 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 £53,039 per annum. The property offers a gross yield of 7.56% and has approximately 70 years unexpired on the lease, making it an attractive investment opportunity. Early viewing is recommended.