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High Street, High Barnet, EN5 Land for sale
High Street, High Barnet, EN5
£1,000,000
High Street, High Barnet, EN5
£1,000,000
Our Summary
- An investment opportunity to purchase the freehold, plus 2 x residential flats, and a parcel of land with potential for a development, subject to the usual planning consents
- Parcel of land at the rear with Development Potential1
- With scope to extend subject to the usual consents
- DEVELOPMENT POTENTIALLand to the rear of 141A High Street, Barnet
- Lapsed planning permission to create 6 self-contained offices
- Planning Permission Expired and never implemented
Description
This property offers an investment opportunity to purchase the freehold of a building, which includes two residential flats and a parcel of land with potential for development, subject to obtaining the usual planning consents. The two flats are currently let on assured shorthold tenancies (ASTs) and generate a combined annual income of £2600. The freehold also includes 10 residential units and 3 commercial units, with a 125-year lease commencing in 2013, and a peppercorn annual rent. The commercial units have a 999-year lease and are currently vacant. The parcel of land at the rear of the property has lapsed planning permission to create six self-contained offices, providing an opportunity for development subject to obtaining new planning permission.