Hillview Gardens runs south from Finchley Lane (A504) and lies immediately to the west of the North Circular (A406) and the A1.
The subject property comprises a first floor flat with access being via an entrance at ground floor level. There is an opportunity to add value to the maisonette if it is refurbished. Equally, value can be added by doing an attic conversion. The maisonette is currently generating £30,000 per annum.
To the front of the first floor accommodation, there is a double bedroom with a bay window and adjacent to this there is a smaller front bedroom. Off the landing there is a room that has been divided to provide an additional bedroom.
To the rear of the accommodation there is a third bedroom over looking the rear garden. There is also a separate kitchen and bathroom.
The kitchen has vinyl floors, fitted base and eye level cupboards, stainless steel sink and drainer and part wood laminate flooring and part ceramic tiles. There is a free standing fridge freezer, space for a washing machine, Formica worktops, integrated hob and oven.
The bathroom has a bath, W.C, hand basin, electric shower over bath, vinyl floor covering and tiling is predominantly from floor to ceiling.
Adjacent to the rear bedroom there is a set of stairs leading down to the rear garden which is split with ground floor.
Total 68.18m2 733ft2
Approx. gross internal floor area
First Floor Maisonette
Kitchen: 2.64m x 1.65m
Bedroom 1: 3.54m x 3.64m
Bedroom 2: 1.91m x 3.77m (max)
Bedroom 3: 3.54m x 3.67m
Bedroom 4: 3.82m x 3.07m
Bathroom: 1.57m x 1.82m
The property is currently generating a rental income of £30,000 per annum, reflecting a gross yield of 8%.
We understand the property has mains gas, electricity, water and drainage. Electricity and gas is paid for using a pre payment meter.
Long leasehold. The lease commenced on 25 December 1974 and is for a term of 99 years.
The lease length can be extended. The cost of this will need to be negotiated with the freeholder.
It has been confirmed that the annual ground rent payable is £70 per annum.
The property is rated in Council Tax Band C. The payment for year 20015/2016 is £1,241.84
To view this property, please contact John Pye Property – email@example.com – 0115 970 6060
26a Hillview Gardens
Phone: 0115 970 6060
Our Ref: PR014