Retail premises for sale in 275-277 Archway Road, Highgate, London N6

Offers over £2,200,000 (£738.01/sq. ft)
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Retail premises for sale

2,981 sq. ft*

Property description

Key Points

  • Freehold
  • Unbroken Block
  • 7 Flats + Commercial Unit
  • Passing Rent of £132,264
  • Directly Opposite Highgate Station
  • Large Rear Garden
  • Part Refurbished
  • Value Add Potential

    • Description

    The property comprises a mid-terrace five storey building. Five of the Seven flats have been newly refurbished, each benefitting from double-glazed windows, tiled flooring, walk in shower and open plan living, kitchen and dining area.

    The property consists of 7 self contained flats, including 3x studios, 2x 2 beds and 2x 1 beds. The 2 one bedroom flats are in need of refurbishment and are currently under rented. The EPC for the commercial and residential aspects range from C to E.

    The commercial element is currently let to Hair Definitions, an established hair dresser who signed a 10 year lease in July 2014.

    The rents are as follows:

    Shop - £13,500 per annum - Lease Expires in July 2024
    Flat 1 - £1,200 per month - Studio - AST Expires September 2024
    Flat 2 - £1,750 per month - 2 bed - AST Expires February 2025
    Flat 3 - £1,200 per month - Studio - New AST being signed
    Flat 4 - £1,150 per month - 1 bed - Rolling AST from June 2021
    Flat 5 - £1,200 per month - 1 bed - Rolling AST from January 2022
    Flat 6 - £1,200 per month - Studio - AST Expires March 2025
    Flat 7 - £2,200 per month - 2 bed - AST Expires May 2025

    Total income of £132,264 with an erv of £155,000 per annum

    Location

    Located in the heart of Archway Road. The property is a 10 second walk from Highgate Station (Northern Line) situated opposite. Numerous buses service the area offering links to Central London, Highgate, Crouch Hill and Camden. There are wide range of cafes, shops and restaurants along Archway Road.

    Availability_Text

    The accommodation comprises the following areas:

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

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    Forest Real Estate, NW11 on +44 20 8022 7980 * (local rate)

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    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Forest Real Estate, and do not constitute property particulars. Please contact Forest Real Estate for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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