Property for sale

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Property for sale

High Road, Tottenham, London, N17
£500,000

Our Summary

  • There may also be scope for future development or extension of the property, subject to obtaining the necessary planning consents, particularly in relation to the basement and garden areas
  • Two long leasehold flats (not included in sale)Rent review on commercial lease every 2 yearsRear garden included with commercial unitPotential development opportunity (STPP)Located in a busy and well-connected part of TottenhamStrong long-term investment with reversionary valueThis is an ideal purchase for investors seeking a secure income-producing asset with future development potential in a rapidly regenerating area of North London

Description

Goldmove Properties is offering the freehold interest in a mixed-use building located on the High Road in Tottenham. The property features a self-contained commercial unit on the ground floor and basement, currently generating a rental income of £25,000 per annum, with rent reviews every two years. Above the commercial unit are two residential flats, sold off on long leasehold titles, with reversionary interest in the freehold. The incoming purchaser will acquire the freehold of the entire building, including the commercial unit and reversionary interest in the residential flats. The property also offers a rear garden and potential for future development or extension, subject to obtaining necessary planning consents. This is an attractive investment opportunity for those seeking a secure income-producing asset with future development potential in a rapidly regenerating area of North London.