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Freehold Investment Property North London

London, England

  • Freehold Price: £2,500,000  Price Reduced arrow_drop_down
Seller Reference: BTCFB005
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Business Description
 
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Seller Reference: BTCFB005
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Business Description
Brand newly built (currently 75% constructed) Freehold building in North London.

Consisting of two shops, with E class (any use) and in total 7 Flats.

5 x spacious Studio flats (with the separate sleeping area) and 2 x 1 bedroom flats. 2 of the flats are on the ground floor and the rest above commercial.

Ground floor, to the rear (access via service road), approx 1000 sqft office space at rear.

The entire property is currently being constructed with full planning permission in place and in our opinion, a very high specification.

The approximate rents achievable is £160,000 to £180,000 per annum.

In our opinion, the property would suit either investor with a potential return of approx 7%

Or an owner-occupier with retail high street presence with office or storage use to the rear and investment income above.

Or an investor/developer who may be interested in purchasing the entire building and then selling off each unit to take advantage of the breakup value, with a view to incurring rental income in the meantime

Freehold £2.5 million
Tenure:
Freehold
Listed by:
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