2 bed flat for sale

Shoot Up Hill, London NW2

An opportunity to acquire a two-bedroom, two-bathroom apartment within an exclusive private development on the borders of West Hampstead and Kilburn, ideally positioned within a short walk of Kilburn Underground Station (Jubilee Line, Zone 2).

Refurbished approximately three years ago, the apartment offers an attractive investment proposition, combining established rental income with potential for future capital growth.

Current Rental Income
The property is being offered for sale with the existing tenants in situ, providing an investor with an established rental income from completion, subject to the terms of the tenancy.
The current rent is £28,800 per annum. We believe there may be scope to increase the rental income to £30,000 per annum or more, subject to prevailing market conditions, the tenancy arrangements and any applicable legal requirements.

Building Safety Information
The development is awaiting the commencement of approved building safety works relating to a partial cladding element on the upper floors. The relevant works have been approved and are progressing through the necessary processes.

An EWS1 form is available, and buy-to-let mortgage finance may be available through certain lenders, subject to their individual lending criteria and assessment of the building’s circumstances.

Further information regarding the building safety works, service charges and associated documentation can be provided to interested parties.

Service Charges
The current service charge is approximately £8,000 per annum, including a contribution towards the sinking fund. Prospective purchasers are encouraged to review the full service charge accounts, budget and relevant building documentation as part of their due diligence.

Investment Potential
We believe this property offers an opportunity for an investor seeking an established rental income alongside the potential for longer-term capital appreciation.