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Residential investment opportunity for sale in Barnet

High Street, Barnet, London EN5
For sale
POA

COMMON USE CLASS: C3 Dwelling Houses

russell-lewis
This property is marketed by:
Russell Lewis

Location

Barnet is London’s largest Borough, having a population of 400,000+ Barnet High Streets shopping and leisure mix includes The Spires Shopping offering the likes Waitrose, ICELAND, GREGGS and BARCLAYS.

Properties

9 self-contained and furnished Studio Flats that are tenanted by way of AST’s – A Tenancy Schedule is available upon request together with Details of the Ground Rent and Floor Plans.

Income

Each Flat is Let at existing rents of circa £800 pcm, therefore offering the opportunity to increase the income upon expiry of the current AST’s

The current monthly income equates to £7,200, thus an annual income of £86,400

This current Income can be increased to approaching £100,000 per annum at the next round of renewals.

Tenure

Leasehold with 990 years remaining at a peppercorn rental. 

Price

Upon Application

Legal costs

Each party to bear their own.


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