Pure Investor are delighted to bring to the market this 2-bedroom duplex apartment at Flat 11, 4 Grafton Yard, London NW5 2NF. The apartment in spread over 2 floors spanning approximately 1,045 square meters with the main living space being on the 4th floor and bathrooms and bedrooms on the 3rd.
The property comes with tenants in situ who are currently paying £2,500.00 per calendar month, with the option of the rent being increased as of the 2nd of November 2023.
Property Description
- Full address: Flat 11, 4 Grafton Yard, London NW5 2NF
- Apartment covers floors 3 and 4
- 2 double bedrooms
- En-suite to master and separate bathroom also
- Balcony
- Modern kitchen / bathrooms
- Well maintained throughout
- Large floor to ceiling windows in the kitchen area which opens out to the balcony area
- Open planned kitchen / living space
- Eligible for council resident’s street parking permit
- The building has a shared indoor bike storage facility with no additional costs
Investment Breakdown
- Purchase price – £675,000.00
- Leasehold with share of the company which owns the headlease – 978 years left
- Service charge per annum – £4,319.25
- Ground rent – £0.00
- Current rental amount – £2,500.00 per month (This increases to £2,600.00 per month if the tenant decides to bring 2 pet dogs)
- Current tenants moved in on the 02nd of November 2022
- Tenancy is for 24 months with a break clause after 12 months
- Gross rental income – £30,000.00
- Yield per annum – 3.8%
Purchase Process
- Reserve your unit with a signed reservation form Sourcing fee of £2,500 + VAT (50% paid upfront & the remaining 50% paid upon completion)
- Provide certified ID, proof of address and proof of funds to Pure Investor
- Solicitors instructed
- Remaining balance due on completion
