ROI = 1% BMV = -10.28%
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Description
Description Comprises a modern block of 6 self contained flats constructed in 2004 arranged on the first and second floors immediately above Tesco. The flats benefit from 6 car parking spaces immediately at the rear of the building. Comprising 2x2 beds and 4x1 beds all of which are in good decorative condition. Location The Property Is located in a prime position on the North West side of High Road, Wood Green, close to the junctions of Myddelton Road and Marquis Road. The flats are located close to the main Wood Green Shopping Centre, with its array of many multiple and local retailers together with restaurants and bars Transport facilities are good with Wood Green Underground Station (Piccadilly Line) close by. Numerous bus routes serve the area. Viewings Strictly By Appointment through Owners Agents as above. Long Leasehold Interest The 6 flats are held under 1 lease for a term of 125 Years from March 2004 at a Peppercorn Rent (Title Number- AGL127737) Tenancies First Floor Flat 1 - 2 Bed Flat - 831 Sqft (77.24 Sqm) First Floor Flat 2 - 1 Bed Flat - 535 Sqft (49.69 Sqm ) First Floor Flat 3 - 1 Bed Flat - 539 Sqft (50.03 Sqm) Second Floor Flat 4 - 2 Bed Flat- 831 Sqft (77.24 Sqm) Second Floor Flat 5 - 1 Bed Flat - 535 Sqft (49.69 Sqm) Second Floor Flat 6 - 1 Bed Flat - 539 Sqft (50.03 Sqm) Total Floor Area 3,810 Sqft (353.92 Sqm) Flat 1 - £21,000 pax Flat 2 - £15,960 pax Flat 3 - £19,200 pax Flat 4 - Vacant Flat 5 - £18,480 pax Flat 6 - £14,820 pax The 5 flats are currently Let on AST Agreements. Flat 2- Served notice to increase the rent to £19,200 pax as of 28 February 2025. Flat 6- Served notice to increase the rent to £19,200 pax as of 13 March 2025. Flat 4- Is being marketed at a quoting rent of £21,000 pax. Total Current Income - £ 89,460 pax Total Actual and Estimated Income- £118,080 pax IDENTIFICATION In accordance with Anti-Money Laundering Regulations, two forms of identification will be required from the successful Purchaser. Price £2,450,000
Find out MoreProperty Details
- Property ID: 157539239
- Added On: 2025-01-29
- Deal Type: For Sale
- Property Price: £2,350,000
- Bedrooms: 0
- Bathrooms: 1.00
Amenities
- Self Contained Modern Block of 6 Flats
- 4x1 Bed Flats & 2x2 Bed Flats
- Income Producing
- 6 Car Parking Spaces
- Close To Wood Green Shopping Centre
- Total Actual and Estimated Income- £118,080 pax
