£1,150,000
5 bed block of flats for saleGreen Lanes, Palmers Green N13
5 beds
5 baths
6 receptions
Just added
Freehold
About this property
Three Storey Building
Four Flats (two 1 Bedrooms. 2 Studio)
Commercial Ground Floor Office
Rear Yard/Garages/Parking
Front Forecourt/Off Street Parking
Formally Motor Dealers
Call For More Details & Viewing Arrangements
Between Winchmore Hill & Palmers Green Train Stations
A rare opportunity to acquire the freehold interest in this attractive three-storey Edwardian building, comprising four self-contained flats together with ground-floor commercial premises, formerly occupied by a motor sales business.
The four residential flats are currently let on Assured Periodic Tenancies (APTs), providing an established rental income, whilst the commercial accommodation, comprising dedicated office space, a workshop/ rear yard and front forecourt, offers excellent potential to generate additional rental income through commercial letting.
The building has undergone a programme of refurbishment and improvements over the past five years, enhancing both its appearance and overall condition.
Conveniently positioned approximately 0.7 miles from Winchmore Hill Railway Station and 0.8 miles from Palmers Green Railway Station, the property represents an excellent mixed-use freehold investment opportunity, offering an existing residential income stream alongside the potential for further commercial rental income.
There may also be scope for further extension or development, subject to the necessary planning permissions and consents.
The four residential flats are currently let on Assured Periodic Tenancies (APTs), providing an established rental income, whilst the commercial accommodation, comprising dedicated office space, a workshop/ rear yard and front forecourt, offers excellent potential to generate additional rental income through commercial letting.
The building has undergone a programme of refurbishment and improvements over the past five years, enhancing both its appearance and overall condition.
Conveniently positioned approximately 0.7 miles from Winchmore Hill Railway Station and 0.8 miles from Palmers Green Railway Station, the property represents an excellent mixed-use freehold investment opportunity, offering an existing residential income stream alongside the potential for further commercial rental income.
There may also be scope for further extension or development, subject to the necessary planning permissions and consents.
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£5,752 per month
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