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Empire Parade 1,014 sq ft Retail Property London N18 1AA £1,400,000 (£1,380.67/sq ft)
INVESTMENT HIGHLIGHTS
- Income producing freehold mixed-use end of terrace buildings for sale on a busy parade.
- The total current income is £97,690pa, with £24,000pa attributed to commercial leases on 10-year terms from 2018, and the residential units producing £73,680pa on ASTs.
- Offers in excess of £1,400,000 (stc).
- The properties comprise two ground floor units with four selfcontained residential flats extending to 2,929 sqft.
- Further development potential to the rear, in line with some of the neighbouring buildings.
EXECUTIVE SUMMARY
The property is situated on the west side of Great Cambridge Road (A10) and set back onto a popular neighbourhood shopping parade in a predominantly residential area. The property has excellent road links to Central London via A10, the main arterial route though north London to Central London. Rail connectivity is not the strongest with the closest stations being White Hart Lane and Silver Street (Overground). Both being approximately 20 minutes walk away.
RETAIL & RESIDENTIAL INVESTMENT ON A BUSY PARADE WITH DEVELOPMENT POTENTIAL STPP The property is an end of terrace mixed use building on a prominent retail parade, comprising two ground floor retail units with four self contained residential flats. Rear land is accessed from Empire Avenue and is considered suitable for further development.
Income producing freehold mixed-use end of terrace buildings for sale on a busy parade.
The properties comprise two ground floor units with four selfcontained residential flats extending to 2,929 sqft.
The total current income is £97,690pa, with £24,000pa attributed to commercial leases on 10-year terms from 2018, and the residential units producing £73,680pa on ASTs.
RETAIL & RESIDENTIAL INVESTMENT ON A BUSY PARADE WITH DEVELOPMENT POTENTIAL STPP The property is an end of terrace mixed use building on a prominent retail parade, comprising two ground floor retail units with four self contained residential flats. Rear land is accessed from Empire Avenue and is considered suitable for further development.
Income producing freehold mixed-use end of terrace buildings for sale on a busy parade.
The properties comprise two ground floor units with four selfcontained residential flats extending to 2,929 sqft.
The total current income is £97,690pa, with £24,000pa attributed to commercial leases on 10-year terms from 2018, and the residential units producing £73,680pa on ASTs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,014 sq ft
Costar Property Class
B
Year Built
1971
Price
£1,400,000
Price per sq ft
£1,380.67
Tenancy
Single
Number of Floors
3
Plot ratio
0.23
Total Plot Size
0.10 ac
Frontage
15 ft on Empire Parade
AMENITIES
- Roller Shutters
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Fatmas Beauty
- -
- 614 sq ft
- -
- -
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Fatmas Beauty | - | 614 sq ft | - | - |
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