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275-277 Archway Road, Highgate, London, N6 5AA
3,706 Sq Ft / Other / Investment
Withdrawn - Last updated: 29 July 2024
Summary
The property comprises a mid-terrace five storey building. Five of the Seven flats have been newly refurbished, each benefitting from double-glazed windows, tiled flooring, walk in shower and open plan living, kitchen and dining area.
The property consists of 7 self contained flats, including 3x studios, 2x 2 beds and 2x 1 beds. The 2 one bedroom flats are in need of refurbishment and are currently under rented. The EPC for the commercial and residential aspects range from C to E.
The commercial element is currently let to Hair Definitions, an established hair dresser who signed a 10 year lease in July 2014.
The rents are as follows:
Shop - £XXX per annum - Lease Expires in July 2024
Flat 1 - £XXX per month - Studio - AST Expires September 2024
Flat 2 - £XXX per month - 2 bed - AST Expires February 2025
Flat 3 - £XXX per month - Studio - New AST being signed
Flat 4 - £XXX per month - 1 bed - Rolling AST from June 2021
Flat 5 - £XXX per month - 1 bed - Rolling AST from January 2022
Flat 6 - £XXX per month - Studio - AST Expires March 2025
Flat 7 - £XXX per month - 2 bed - AST Expires May 2025
Total income of £XXX with an ERV of £XXX per annum
Key Points
FreeholdUnbroken Block7 Flats + Commercial UnitPassing Rent of £XXXDirectly Opposite Highgate StationLarge Rear GardenPart RefurbishedValue Add PotentialLocation
Located in the heart of Archway Road. The property is a 10 second walk from Highgate Station (Northern Line) situated opposite. Numerous buses service the area offering links to Central London, Highgate, Crouch Hill and Camden. There are wide range of cafes, shops and restaurants along Archway Road.
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