Investment/development opportunity for sale in Finsbury Park

COMMON USE CLASS: C3 Dwelling Houses

This property is marketed by:
Russell Lewis

Description

Freehold 3 adjoining buildings comprising 27 self-contained studio flats. 

A freehold Residential Investment / Development / Asset Management opportunity in a rapidly growing Zone 2 location with substantial demand.

The previous passing rent was £340,000 per annum.

Location

The property is located on Wilberforce Road, within the London Borough of Hackney in Zone 2.

The property is located just 100 yards from Finsbury Park and directly off Seven Sisters Road, offering a vast parkland and a lively, friendly high street with many new cafés, restaurants and other amenities. Other areas of public interest include the Emirates Football Stadium (0.6 miles away) and a multitude of green spaces, including the Parkland Walk (700 yards away).

The site is exceptionally well located for a range of public transport; the local intermodal station is Finsbury Park (Piccadilly and Victoria Lines/ Thameslink and National Rail), 300 yards away, providing links into London King’s Cross (5 minutes), Oxford Circus (9 minutes) and Moorgate (14 minutes). There are also several different bus routes available close by.

The property

The opportunity comprises three adjoining freehold buildings arranged over basement to second floors.

The current gross internal area is 8,300 SF (770 SM).

Accommodation schedule

18  Wilberforce Road - 2,400 GIA SF - 222 GIA SM - Studios 9

20  Wilberforce Road - 3,445 GIA SF - 320 GIA SM - Studios 11

22  Wilberforce Road - 2,455 GIA SF - 228 GIA SM - Studios 7