Hendon Lane, Finchley N3

  Ref 025091    

Hendon Lane, Finchley N3

Ref 025091

  • £2,500,000  

    For Sale

    £2,500,000  

    For Sale

    • Description

    Ready made investment arranged as 13 individual flats which are let and income producing plus 1 shop which is also let and income producing. There is potential (subject to planning) to create more space to the rear of the development. Please refer to the rent schedule below for further details of income.

    There is lapsed planning approval for further development of the site. Please refer to London Borough of Barnet Planning Reference 21/5048/FUL.

    Gallery

    Rental Schedule

    Unit No. Rent (pcm) Rent (pa) Configuration
    Flat 1 £1300 £15,600 1 bedroom
    Flat 2 £1050 £12,600 Studio flat
    Flat 3 £1600 £19,200 1 bedroom
    Flat 4 £1400 £16,800 1 bedroom
    Flat 5 £1450 £17,400 1 bedroom
    Flat 6 £1800 £21,600 2 bedrooms
    Flat 7 £1350 £16,200 1 bedroom
    Flat A £1250 £15,000 1 bedroom
    Flat B £1325 £15,900 1 bedroom
    Flat C £1325 £15,900 1 bedroom NB will be vacant
    Flat D £1400 £16,800 1 bedroom
    Flat E £1300 £15,600 1 bedroom
    Flat F £1400 £16,800 1 bedroom
    Shop £1000 £12,000 Let to After Dark been in occupation over 15 years (2 years remaining)
    Total £18,950 pcm £227,400 pa  

    Terms

    • Held freehold subject to the tenancies stated.
    • Offers in the region of £2.5m are sought

    Location

    Situated on Hendon Lane, Finchley close to the junction with Gravel Hill and Hendon Avenue. The premises are within walking distance of Finchley Central Northern Line Station (Barnet Branch).

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    For Sale

    £2,500,000