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271 Portland RoadLondon
- New
- Sole agency
- Freehold
Key features
- High Yielding Mixed Use Investment
- Fully Let to Separate Tenants
- Retail Unit and Nine Residential Units
- Asset Management Potential
- Investment Let at £111,671 p.a. (13.95% GIY on Guide Price)
High Yielding, Fully-Let, Mixed Use Investment Opportunity Retail Unit and Nine Residential Units Fully Let - Producing £111,671 per annum
About this property
The property comprises a high yielding, fully let, mixed use investment situated on a popular high footfall street. Arranged across ground, first and second floors, the property comprises a retail unit to the ground floor which is let on a recently renewed lease expiring 03/10/2034 and producing £10,000 per annum. To the rear, there is a residential unit with three ensuite letting rooms. These rooms are let individually to separate tenants with a shared kitchen. The upper parts comprise an HMO with a further six units which are all individually let. Each unit benefits from an ensuite and kitchenette and there are a further two shared kitchens. The total aggregate rent is therefore £111,671 per annum. The majority of the residential units have recently seen rental increases to £950 PCM however several units still offer asset management potential. Portland Road is a busy arterial route benefitting from high footfall. The area is characterised by both commercial and residential uses with a mix of local and national retailers, terraced houses and flats.