0 Bedrooms Block of flats for sale in Regents Park Road, Finchley N3 | £ 1,400,000


Overview

Price: £ 1,400,000
Contract type: For Sale
Type: Block of flats
County: London
Town: London
Postcode: N3
Address: Regents Park Road, Finchley N3
Bathrooms: 0
Bedrooms: 0
Posted: 2018-11-23

Property Description

A mixed use Freehold investment opportunity located on Regents Park road, Finchley N3.
The building is arranged over four floors and comprises one 1 bed flat, 4 studio flats all of which benefit from a separate residential access and an A2 commercial unit split over two and a half floors.
Further benefits include Juliet Balconies, a refuge area, CCTV, Fire, Smoke and co alarms fitted throughout.
All the flats and the commercial unit is currently rented with an under market combined income of £6500pcm = £78,000 p.A (5.6% yield), 5.1% yield after sdl tax (subject to it being a second property).

Potential to Extend (stpp):
As per the adjoining buildings there is also potential of extending too subject to planning permission.
We recommend all interested parties to consult with Barnet Council or refer to the their website.

Planning number for recent approval for extension to a neighbouring property 15/07760/ful

Amenities:
Wood floors
Modern Fully Fitted Kitchens
Modern Three Piece Bathroom Suites
Secure Cycle Storage
Juliet Balconies
Double Glazing Throughout
Secure Entry phone systems

CCTV


Approximate Floor Areas:

Commercial Unit
Lower Ground & Ground Floors
430 sq. Ft, - (39 sq. M.)

Ground Floor Studio 1

1 - 354 sq. Ft. - (33 sq. M.)



First Floor Studios (2 & 3)

2 - 354 sq. Ft. - (33 sq. M.)


3 - 350 sq. Ft. - (33 sq. M.)



Top Floor 1 bed & Studio (4 & 5)

4 - 1 Bed - 636 sq. M. - (59 sq. M.)


5 - Studio - 354 sq. Ft. - (33 sq. M.)



Location:
- Within easy access of the A406 North Circular, A1, M1 and A1000.
- Finchley Central underground station is on the High Barnet branch of the Northern line and is within easy walking distance.
- Within easy access of central London, Charing Cross, Euston and Waterloo mainline stations.

Area:
Situated moments from the property are a range of multiple retailers including, Ladbrokes, Zizzi, The Post Office, the well renowned Two Brothers Fish and Chip Shop, and other smaller independent retailers.

Price: £1,400,000

Legal Costs:
Each party to be responsible for their own legal costs incurred in the transaction.

P.O.F:
Interested parties will be asked to confirm the basis of funding and asked to supply proof of funds.

Property Location




Property Marketed by Nelsons



Address: 54 Southwark Bridge Road, London

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