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452 Green Lanes, Palmers Green 665 sq ft Retail Property London N13 5XD £1,150,000 (£1,729.32/sq ft) 7.53% Net Initial Yield
Investment Highlights
- Close proximity to Palmers Green railway station
- Wide range of local shops, cafes , and amenities nearby
Executive Summary
An excellent opportunity to acquire a well-maintained mixed-use investment property in the heart of Palmers Green, offering strong and consistent rental income.
The property comprises a ground floor commercial unit along with five self-contained one-bedroom flats, all presented in great order throughout. The asset currently produces a total rental income of £86,560 per annum, making it an attractive addition to any investment portfolio.
The property comprises a ground floor commercial unit along with five self-contained one-bedroom flats, all presented in great order throughout. The asset currently produces a total rental income of £86,560 per annum, making it an attractive addition to any investment portfolio.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
665 sq ft
Costar Property Class
B
Year Built
1910
Price
£1,150,000
Price per sq ft
£1,729.32
Yield
7.53%
NOI
£86,560
Tenancy
Single
Number of Floors
3
Plot ratio
0.30
Total Plot Size
0.05 ac
Frontage
14 ft on Green Lanes
Amenities
- Courtyard
- Roller Shutters
- Air Conditioning
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Nearby Major Retailers
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452 Green Lanes, Palmers Green
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