This mixed-use freehold property presents an exceptional investment opportunity in the highly desirable area of West Hampstead, NW3. The building consists of a fully licensed 5-bedroom House in Multiple Occupation (HMO) currently generating an annual income of £58,800. In addition, it features a vacant commercial space on the ground floor that holds significant rental potential with its strategic position along the bustling Finchley Road (A41). This space is adaptable, equipped with a front retail area and essential facilities including a kitchen and WC, making it suitable for various business ventures once leased.
Moreover, the property has previously received planning approval for a two-storey extension to accommodate an additional 1-bedroom unit at the rear; this lapsed consent signifies further growth opportunities should it be renewed. The combination of existing residential income and the potential from the commercial unit could elevate total revenue to over £90,000 per annum when fully operational.
Located just steps away from ESCP Business School and close to major transport links, the site benefits from high foot traffic and surrounding amenities. This presents a rare chance for investors or owner-occupiers to capitalize on both immediate returns and long-term asset management strategies in a thriving locale.
