451 West Green Road, Turnpike Lane, London, N15 3PL
2,797 Sq Ft / Other
For Sale
- £1,200,000.00
Available - Last updated: 01 July 2024
Summary
MIXED USE FREEHOLD FOR SALE. Arranged across five floors, the ground and basement levels are dedicated to a self-contained commercial with a superb glazed corner frontage. The upper three floors are accessed via their own private entrance and provide a quite outstanding set of residential investment properties that have been comprehensively re-constructed to a very high level and now comprise 2 x 1 bedroom flats (with terrace to the 1st Floor) and a small studio flat to the top floor.
Each property benefits from dual aspect and a superb contemporary fit-out to include designer windows, high-grade kitchen/bathroom installations and a level of finish throughout that commands superb rental income. The building is a secure, fully let mixed use investment that provides a valuable ‘lock and leave’ income stream for any mixed use property investor.
Key Points
Immaculate period building.Fully income producing at £74,000 p/a.Three luxury self-contained apartments.Strong covenant to the commercial unit.Outstanding capital value at £429 p/sq/ft.Generating a combined yield of 6.2%.Location
This Freehold building enjoys a highly prominent corner site along West Green Road within the heart of Duckett’s Green close to Turnpike Lane Underground (Piccadilly Line), Downhills Park and the Lordship Recreation Ground. The main transport hubs of Hornsey, Tottenham Hale and Seven Sisters are also within close proximity.Terms
RATEABLE VALUE: £12,250 per annum.
RATES PAYABLE: £ 6,112.75 per annum.
COMMERCIAL: 1,221 sq ft/113.5 sq m.
RESIDENTIAL: 1,439 sq ft/133.7 sq m.
GIA: 2,797 sq.ft. / 259.9 sq.m.
LOCAL AUTHORITY: London Borough of Haringey.
VAT: The building is not elected for VAT.
POSSESSION: The property is being sold subject to the existing tenancies.
LEGAL COSTS: Each party is to bear their own legal costs.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£1,200,000.00
| NA |
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