ROI = 5% BMV = -7.46%
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Description
A chance to acquire a superb freehold property comprising of a large commercial premises of over 700 sq ft plus a duplex one bedroom flat at the rear of the commercial unit as well as a two bedroom flat above the commercial unit. The site is situated in a secondary parade of shops being close to the junction with Fallowcourt Avenue and close to Tally Ho Corner and in a very sought after part of East Finchley. The commercial unit is currently let to a barber shop and the two flats are both rented to tenants on Assured Shorthold Tenancy Agreements. There is excellent development potential subject to the usual planning consents. The area is itself is hugely popular with rental demand for commercial and residential properties both being particularly strong. The residential rental market attracts an excellent calibre of tenant with its proximity to Hampstead as well as Central London. The buoyant local businesses in the area also ensure that demand for commercial units will remain high. Short commute to Central London. Currently yearly rent over the three units is in excess of £55,000 representing an excellent rental yield for the area. Council tax band: B
Find out MoreProperty Details
- Property ID: 155135762
- Added On: 2024-11-20
- Deal Type: For Sale
- Property Price: £875,000
- Bedrooms: 3
- Bathrooms: 1.00
Amenities
- Freehold Property
- 1 x Commercial Property 1 x 1 Bedroom Flat 1 x 2 Bedroom Flat
- Possible Development Opportunity
- Sought After Location
- Popular High Street
- Good Transport Links
