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CHAIN FREE | WHOLE FREEHOLD INVESTMENT | SHOP AND THREE FLATS | APPROXIMATE POTENTIAL INCOME £70,000 PER ANNUM
For Sale By Tender.
An excellent opportunity to acquire the whole freehold of a mixed-use investment property in Barnet, conveniently located for local amenities, shops, restaurants and transport links. High Barnet Underground Station (Northern line) is approximately 0.7 miles away.
The property comprises a ground floor commercial shop, together with three flats above, consisting of one two bedroom flat and two one bedroom flats.
The current and estimated rental income is as follows:
Flat 1 (two bedrooms): Currently tenanted approximately £19,800 per annum.
Flat 2 (one bedroom): Currently tenanted approximately £17,000 per annum.
Flat 3 (one bedroom): Currently tenanted approximately £17,000 per annum.
Restaurant / Commercial Premises: Currently vacant, with estimated rental income of £16,500 per annum.
The property offers four potential income streams, with a combined estimated rental income of approximately £70,000 per annum once the shop is let. This presents an attractive opportunity for investors seeking a freehold mixed use asset with existing residential income and potential for future rental growth, subject to the relevant leases, planning requirements and consents.
Situated in Barnet, the property benefits from a convenient location close to a variety of shops, cafés, restaurants and everyday amenities, with transport connections providing access to surrounding areas and Central London.
Further details, including lease information and tenancy documentation, are available upon request.
Please Note :- A tender admin fee of £2,000 plus VAT is due by the successful winner of the tender. Please call for further details.
