About the Property
This is a 6-room studio complex with 2 reception rooms and a vocal booth, located in Kensal Rise, close to the Harrow Road (top of Ladbroke Grove).
The property is split 2/3 leasehold and 1/3 freehold.
The lease is 12-13 years long (no breaks) and generates a healthy profit on sublets to independent producers.
The lease is available separately for £55k
Freehold £350k, subject to signed contract.
Together the price is £405k
The individual studio rooms all have tie lines into a shared vocal booth.
Producers share the booth and central lounge/ kitchen & WC.
Total income from sublet £5,050
Calculated as follows:
Room 2 £750
Room 1 £900
Room 2 £950
Room 3 £950
Room 4 £750
Monthly profit from both sections = approx £3,250 pcm