Grove Terrace, Dartmouth Park, NW5 Offers in excess of £1,250,000, Freehold
A four storey Grade II listed building in need of modernisation, comprising four flats, each with two bedrooms. Three flats are let on assured shorthold tenancies and one has a regulated tenant. Suitable for investors only
265/267, Kentish Town Road, London, NW5 2TP, 020 7482 4488,
[email protected], www.salter-rex.co.uk
Kentish Town, 020 7482 4488,
[email protected], www.salter-rex.co.uk
Salter Rex give notice to anyone reading these particulars that: (i) these particulars do not constitute part of an offer or contract; (ii) these particulars and any pictures or plans represent the opinion of the author and are given in good faith for guidance only and must not be construed as statements of fact; (iii) nothing in the particulars shall be deemed a statement that the property is in good condition otherwise; we have not carried out a structural survey of the property and have not tested the services, appliances or specified fittings.
Kentish Town, 020 7482 4488,
[email protected], www.salter-rex.co.uk
Long Description In the same ownership since 1970, a four storey Grade II listed building, comprising four individual flats, each with two bedrooms, quietly tucked away in a pedestrian-only thoroughfare between Grove Terrace and Woodsome Rd. In generally sound condition, the property offers scope for further improvement and updating. Generating an income of £57804 per annum, the lower three flats are let on assured shorthold tenancies producing £46764 pa. The top floor flat is subject to a regulated tenancy producing £11040 pa. A separate basement is below the property but has been sold to an adjoining property on a 125 year lease from 13/03/2003 with peppercorn ground rent. Grove Terrace is a coveted residential location, established in the late 18th century, overlooking a lawned garden and set within a very short distance of Parliament Hill. Underground stations at Kentish Town (Thameslink), Tufnell Park and Gospel Oak Overground are all within easy reach. The property is suitable for investors only. Viewings are available between 10-12 am Tuesday and Thursday and 12-1.45 pm Saturday
Kentish Town, 020 7482 4488,
[email protected], www.salter-rex.co.uk