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Property for sale in Archway Road, London

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Property for sale - 6 bedrooms

6 6 6

Tenure:

Freehold

Council tax band:

Not available

Property features

Freehold building
Chain free
Guide price: £1.75m - £2m.
Two bedroom flat with a garden
5x Studio Apartments
Current rental income: £97,200 per annum income
Potential income of £120,000 per year
Inbetween Highgate & Archway Tube Station 5 minute walk
Shops and other local amenities nearby

Property description

This is a rare opportunity to acquire a freehold building located in Highgate, N6. The building consists of 5 studio flats and 1 two-bedroom flat, all of which are currently tenanted. The property also features a garden.

Here is a breakdown of the rental income for each unit:

Flat 1: Two-bedroom flat with a garden, currently rented out for £1,700.00 per month.
Flat 2: Large studio flat with a rental income of £1,280.00 per month.
Flat 3: Studio flat with a rental income of £1,280.00 per month.
Flat 4: Large studio flat with a rental income of £1,280.00 per month.
Flat 5: Studio flat with a rental income of £1,280.00 per month.
Flat 6: Large studio flat with a rental income of £1,280.00 per month.
Considering the rental income from all the units, this property has the potential to generate over £120,000 per year. For more detailed information, it is recommended to contact the agent handling the sale.

The location of the property is highly convenient, as it is only a 10-minute walk away from both Archway and Highgate Tube Stations. Additionally, there are major bus stops located in close proximity to the building.

For further details and inquiries about this property, it is advised to get in touch with the agent.

Floorplan(s): Floorplan 1

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Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Alex Crown Lettings & Estate Agents, and do not constitute property particulars. Please contact Alex Crown Lettings & Estate Agents 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.