Description
FREEHOLD INVESTMENT COMMERCIAL SHOP WITH UPPERS IN ENFIELD WITH REF CS0496
BTC is delighted to offer this freehold property which is in very good condition and situated on a busy road in Enfield. The shop benefits from high foot traffic and enjoys excellent visibility and accessibility.
Great investment opportunity for the investors looking to achieve high rental income. The premises are currently running as Off track betting business and 3 years of lease remaining under the landlord tenancy act.
The property also features a separate entrance for the upper floor, which can be used as a comfortable flat with a good size living room, a modern kitchen, and a bathroom & toilet. The 2 Bedroom flat is currently rented for £1350 PCM which in our eyes is under rented, and commercial Shop is rented at £2150 per month.
Potential: There is an empty garage at the rear of the property which is a part of freehold and is in good condition can be rented out anywhere between £4k -£5k per annum.
Breakdown Of the Rent:
Commercial Shop: £26000 p.a
Flat Upstairs on Ast contract: £16200 p.a (Under rented)
Total Rent Generating: £42,200
Projected rent After leasing out the garage and increasing the flat rent will be around £48,000
Tenure: Freehold
The vendor is seeking offers in the region of £785,000 for the freehold interest.
Call BTC for further details and an appointment for viewing: 020 8889 7474 or email us on commercial@btcint.com
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