The chrome portfolio - NAMA Wine Lake

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90 Chesterton Road, North KensingtonLondon, W10 6EPsavills.co.ukProperty 12Investment Considerations• Freehold house in multiple occupation(HMO)• 7 apartments in a well establishedCentral London location• Strong capital growth forecasts• Producing £81,120 per annumLocationThe property is located on the north side of Chesterton Road, which runs between St. Marks Road to the west andLadbroke Grove to the east. Ladbroke Grove station is roughly 380 metres to the south east of the property andprovides Circle and Hammersmith & City Line underground services.The Westway (A40), which is directly accessed from both St. Marks Road and Ladbroke Grove, links the property withthe M40 to the west.DescriptionThe investment consists of a registered HMO with a total of 7 residential units (6 x studios, 1 x 2 bed) with a totalcombined gross internal area of circa 188.1 sq m (2,025 sq ft). All of the units, with the exception of a single studio (Unit2), are currently let on Assured Shorthold Tenancies and are producing a total gross rental income of £81,120 perannum.The property was completely remodelled and refurbished in 2008/2009 following the grant of planning permission bythe Royal Borough of Kensington and Chelsea (Ref: PP/08/00802) on 23 rd May 2008.TenureThe building is held as a single unbroken block with the benefit of the freehold interest.
90 Chesterton Road, North KensingtonLondon, W10 6EPsavills.co.ukTenancy InformationThe pertinent tenancy details are as follows:-Unit Bed Sq FtLet /VacantTotalAnnualIncomeAST StartDateAST BreakDateASTExpiryDate90A Two 640 LET £22,100 16-Apr-11 - 15-Apr-121 Studio 196 LET £11,180 01-Mar-11 01-May-11 29-Feb-122 Studio 267 VACANT - - - -3 Studio 248 LET £13,000 28-Jul-11 28-Sept-11 27-Jul-124 Studio 212 LET £11,700 08-Apr-11 - 07-Apr-125 Studio 253 LET £13,000 18-Mar-11 - 17-Mar-126 Studio 209 LET £10,140 18-Feb-11 13-Nov-11TOTAL 2,025 £81,120Crown Copyright - licence no. 100018190. Based on Ordnance Survey 2011.Not to Scale - For Identification Purposes Only.
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