Property Category: freehold sold
A rare and unique, stand-alone commercial investment opportunity located on the independent retail parade of which Hadley Wood offers. Situated in the centre of a dense, affluent residential location, and just a short walk from the busy Overground Station of Hadley Wood, this provides a great platform for any business to thrive. Investment Summary – […]
https://www.mi-commercial.co.uk/property/crescent-west-hadley-wood-en4-2/crescent west, hadley wood, en4A rare and unique, stand-alone commercial investment opportunity located on the independent retail parade of which Hadley Wood offers. Situated in the centre of a dense, affluent residential location, and just a short walk from the busy Overground Station of Hadley Wood, this provides a great platform for any business to thrive.
Investment Summary
– Potential for re-development (stpp)
– A rarely available freehold
– Rental growth prospects (let pre-Covid for £27,500p.a)
– 4.2% Gross Yield at the guide price (3.7% better off thank bank returns)
– Arranged over 2 floors (ground and basement)
– The premises was recently renovated to a high specification
– The business remains unaffected with a lengthy lease term remaining
– Upward only rent review mechanism
– Guide price of £500,000 which reflects a low gross capital value of just £342 per square foot
Location
The building is situated on Crescent West, which is the only parade of shops serving the Hadley Wood community. The premises is just a stone’s throw from Hadley Wood Overground Station which provides a wealth of footfall.
The property has not yet been exposed to the open market as we’d like to offer local residents/investors the opportunity to secure property in their own neighbourhood first hand.
A unique opportunity to acquire this rarely available, corner plot, Freehold investment opportunity in Potters Bar. The building comprises of ground, first and second floors with roof space development potential subject to the necessary planning consents. The flat above has been sold off on a long lease with circa 125 remaining years. The ground floor […]
https://www.mi-commercial.co.uk/property/barnet-road-en6/barnet road, en6A unique opportunity to acquire this rarely available, corner plot, Freehold investment opportunity in Potters Bar.
The building comprises of ground, first and second floors with roof space development potential subject to the necessary planning consents. The flat above has been sold off on a long lease with circa 125 remaining years.
The ground floor is occupied by a tanning and beauty salon which will remain unaffected. Simultaneously upon the sale, a new 5 year lease will be granted at £19,500p.a.
Purchasing with vacant possession is possible for a premium of £75,000.
The shop itself spans in excess of 775 square feet with potential to extend at the rear, again, subject to the necessary consents.
The shop is in modern throughout with a combination of tanning & beauty rooms, salon chairs, a rear kitchenette and staff toilets, with the benefit of rear access.
It further boasts a wide frontage and the benefit of being a corner position.
Rarely available freehold investment opportunity
Potential to extend at the rear of the shop and roof space (STPP)
Large shop spanning in excess of 775 square feet
Corner position
Vacant possession potential
Offers in excess of £350,000
Location
The building is based within a short (13 minutes) walk to Potters Bar Station. Until 1850, Potters Bar was a farming community to the north of London. The arrival of the railway in that year began the town’s transformation into the commuter town that it is today, with trains departing for London King’s Cross, Welwyn Garden City, Cambridge and Peterborough. The station itself is contained within a modern office building, and visitors emerge onto Darkes Lane, the main shopping street of the town. Close to the station you’ll find the Old Manor, a surviving section of the 13th century manor house around which the original village developed. Known as Wyllyotts Manor – although no family of that name are ever known to have lived there – it is now a pub and restaurant. The unknown family also give their name to the neighbouring Wyllyotts Theatre, an entertainment venue with a programme of films, plays and live music.
Please contact one of our commercial consultants at your earliest convenience to avoid potential disappointment.
VAT
It is of our understanding that VAT is not applicable on the purchase.
Viewing
Strictly by appointment only.
SOLD OFF MARKET
https://www.mi-commercial.co.uk/property/devonshire-road-n13/16 devonshire road, n13SOLD OFF MARKET
https://www.mi-commercial.co.uk/wp-content/uploads/2022/02/GFF-16-Devonshire-Road-N13-4QX-No-Watermark-12-scaled.jpg https://www.mi-commercial.co.uk/property/54-crawley-green-road-lu2/54 crawley green road, lu2https://www.mi-commercial.co.uk/wp-content/uploads/2021/12/Rutland-Hall-54-Crawley-Green-Road-LU2-0QW-No-Watermark-1-min-scaled.jpgDelmany Mansions, 358-360 Camden Road, N7 0LG RARE FREEHOLD INVESTMENT OPPORTUNITY IN A PRIME AREA OF NORTH LONDON Investment summary An imposing Freehold building located equidistant to both Holloway Road and Caledonian Road Tube Stations providing quick and direct access in and around the Capital Occupies a prominent position on Camden Road in the N7 […]
https://www.mi-commercial.co.uk/property/358-360-camden-road-n7/358 – 360 camden road, n7Delmany Mansions, 358-360 Camden Road, N7 0LG
RARE FREEHOLD INVESTMENT OPPORTUNITY IN A PRIME AREA OF NORTH LONDON
Investment summary
An imposing Freehold building located equidistant to both Holloway Road and Caledonian Road Tube Stations providing quick and direct access in and around the Capital
Occupies a prominent position on Camden Road in the N7 post code
The building is 92% occupied currently generating £145,000p.a
Market rental values with refurbished apartments will total £290,000p.a (excluding any extension works)
14 self-contained units with 12x one bedroom apartments, and 2x two bedroom apartments all in need of modernisation
Arranged over 4 floors
Recent residential resales reflect values of circa £950 per square foot
Further development potential at the rear of the building and the roof STPP
The building is to be sold occupied
Guide price of £3,900,000 reflecting a low gross capital value of just £582 per square foot or just £278,000 per unit.
Location
The building is situated on Camden Road which is a main road in London running from the junction of Camden High Street and Camden Town Underground station up to Holloway Road. Islington Council are responsible for dealing with the locality.
Camden currently accommodates 30,000 businesses, creates 2% of UK GDP, and there has been a 27% growth in jobs in 6 years totalling more than 360,000 with a 24% rise in Camden based start-ups.
There has been a 55% rise in tech jobs in 5 years making it London’s ‘creativity hub’ and it has become the location of Google’s new European HQ.
There are four leading London hospitals equally supporting 20,000 jobs and Camden is home to more than 20 universities and colleges.
VAT
It is of our understanding that there is no VAT elected on the building.
Ownership
The building is privately owned and not in a company name
Proposal
OFFERS ARE INVITED IN THE REGION OF £3,900,000 SUBJECT TO CONTRACT
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