Hertford Road, Enfield EN3

  Ref 024897    

Hertford Road, Enfield EN3

Ref 024897

  • £660,000  

    For Sale

    £660,000  

    For Sale

    • Description

    Shop with upper part over two upper floors arranged as retail premises at ground floor level, a one bedroom flat at first floor and a studio flat on the second floor. Both residential units are self-contained and let on AST’s (Assured Shorthold Tenancies). The shop is to be let on a new 20 year full repairing and insuring lease from completion. This represents an ideal opportunity to invest in the local area and benefit from the growth and income.

    Gallery

    Areas

    Ground floor shop 530.61 sq ft (49.30 sq m) Frontage 7.03m Plus rear yard 1st floor flat Arranged as bedroom, lounge, kitchen & bathroom 481 sq ft (46 sq m) 2nd floor flat (studio) Incorporating kitchen/bedroom/lounge & shower room 269.07 sq ft (25 sq m)

    Tenure/Terms

    Freehold interest available at £660,000 subject to the current tenancies

    Tenancies

    Shop to be let as a barbers on a new 20 year full repairing and insuring lease at £18,500 pa. 1st floor flat — let on an AST for 12 months from September 2024 at £1,350 pcm (£16,200 pa) 2nd floor studio flat — let on an AST for 12 months from September 2024 at £1,000 pcm (£12,000 pa) Total income — £46,700 pa Showing an initial yield of 7.077% gross

    Location

    Situated on Hertford Road at Enfield Wash close to the junction with Longfield Avenue. The nearest station is Turkey Street Overground Station (Weaver Line) offering fast links to Liverpool Street. Enfield Wash is a densely populated residential and commercial area.

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    For Sale

    £660,000