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42 Cannon Hl 716 sq ft Retail Property London N14 6LH £725,000 (£1,012.57/sq ft)
Investment Highlights
- Affluent and highly desirable North London location
- Reversionary income of £30,000 per annum
- Development potential
- Rarely available freehold shop and upper parts investment in sort after parade
- Unimplemented rent review from 03/02/2026
Executive Summary
The property is an end of terrace three storey building which dates from the early 20th Century. It comprises a ground floor shop with a large purpose built self-contained four bedroom flat arranged over the first and second floors. The ground floor unit operates as a Post Office, newsagents and convenience store. The space is configured as a front sales area with an ancillary area to the rear of the unit which is separately accessible from Cannon Hill Mews. Floor plans are available to download from our website. The upper parts used to have internal access from the shop via a spiral staircase but this has been sealed up. Access is now only via the pedestrian walkway with stair access from in between nos. 43 and 44 Cannon Hill. The entire property is let on a 20 year lease from 3rd February 2008. The passing rent is £30,000 pa and there is an outstanding rent review effective 3rd February 2026. A copy of the lease is available to download from our website.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
716 sq ft
Costar Property Class
B
Year Built
1920
Price
£725,000
Price per sq ft
£1,012.57
Tenancy
Single
Number of Floors
3
Amenities
- 24 Hour Access
- Security System
- Signage
- Storage Space
- Air Conditioning
- Smoke Detector
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Nearby Major Retailers
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Presented by
Gilmartin Ley
42 Cannon Hl
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