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IMAGES
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DETAILS
Sutherland Avenue W9 - DETAILS
DESCRIPTION
- A pair of freehold period houses arranged as 20 flats with a combination of regulated and assured shorthold tenancies. Located on a wide, quiet, tree-lined avenue in Maida Vale, backing on to communal gardens with tennis court.
- Fully let, subject to 14 Assured Shorthold Tenancies (AST) and 6 Regulated Tenancies.
- Two flats benefit from private patios, four flats have direct access to the communal gardens and four flats have balconies.
STRATEGY
- Asset management opportunities.
- All 14 assured shorthold tenancy flats were served notice as no planning angle was possible.
- All flats were sold with 125 year leases (freehold was retained).
- Allan Properties and our joint venture partners still own 6 flats with regulated tenants. They will be retained until full vacant possession is achieved.
- Additionally, Allan Properties maximized ground rents on all 20 flats.
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MAP
Sutherland Avenue W9 - MAP
Sutherland Ave. W9
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IMAGES
-
DETAILS
DESCRIPTION
- A pair of freehold period houses arranged as 20 flats with a combination of regulated and assured shorthold tenancies. Located on a wide, quiet, tree-lined avenue in Maida Vale, backing on to communal gardens with tennis court.
- Fully let, subject to 14 Assured Shorthold Tenancies (AST) and 6 Regulated Tenancies.
- Two flats benefit from private patios, four flats have direct access to the communal gardens and four flats have balconies.
STRATEGY
- Asset management opportunities.
- All 14 assured shorthold tenancy flats were served notice as no planning angle was possible.
- All flats were sold with 125 year leases (freehold was retained).
- Allan Properties and our joint venture partners still own 6 flats with regulated tenants. They will be retained until full vacant possession is achieved.
- Additionally, Allan Properties maximized ground rents on all 20 flats.
-
MAP