Investment Properties for sale in Enfield

View the "Freehold Investment for Sale with tenants in situ" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 We were searching for a retirement business opportunity and we found it on www.daltonsbusiness.com 

Mr & Mrs Neville (Sept 2013)
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Freehold Price: £450,000 Annual Turnover: £26,400
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Business Description
FREEHOLD INVESTMENT FOR SALE/POTENTIAL RE-DEVELOPMENT SITE:

London Victoria Properties are pleased to offer on the market this freehold
investment opportunity comprising good sized plot with B1 light industrial
garage, 1 bedroom flat and very large yard.

The property is being sold with tenants in situ whereby the B1 Light Industrial
unit is let at a current rent of £16,200 per annum (£1350 per month) and the 1
bedroom flat achieves a rental of £10,200 per annum (£850 per month). Total
annual income is £26,400 per annum. Thus making a 5.86% yield.

However, the tenants in the B1 light industrial unit have no written
Lease/Licence Agreement.

If you could negotiate with the current tenants to vacate then the site would
ideally suit residential redevelopment (Subject to Granting of Usual Planning
Consents).

Previous planning was granted in 2007 for 6 studio apartments but the planning
lapsed but you could refresh the application .

Freehold offers sought in excess of £450,000.

Please see Ordnance Survey attached and photos.

To arrange a viewing, please contact us on 0330 133 0526 or 07758265681
Tenure: Freehold

Location Details: Enfield

Listed by: London Victoria Properties
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