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High Street, Barnet, EN5 1 bed property with land for sale
High Street, Barnet, EN5
£1,200,000
High Street, Barnet, EN5
£1,200,000
Our Summary
- An investment opportunity to purchase the freehold, plus 2 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, BarnetPlanning Permission Expired and never implemented
- Lease 999 yearsPlanning permission 14/08114/FUL to create 6 self-contained offices
Description
This investment opportunity comprises a freehold property, two residential flats, and a parcel of land with potential for development, subject to planning consents. The residential flats are both let on assured shorthold tenancies (ASTs) and generate a combined annual income of £2600. The freehold property includes 10 residential units and 3 commercial units, with a 125-year lease and ground rent increasing over time. The parcel of land at the rear has development potential, with planning permission previously granted to create 6 self-contained offices, although this permission has expired and never been implemented. The property offers a unique opportunity for investors to acquire a freehold property with a mix of residential and commercial units, as well as potential for future development.