P1010125
P1010113
P1010124
P1000880
P1010118
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WhatsApp Image 2021-05-27 at 3.37.51 PM
  • For Sale
  • Offers Over £1,000,000
  • 218 Woodhouse Road, London, N12 0RS
  • Mixed-Use Freehold Investment

Mixed-Use Freehold Investment

| May 27, 2021

Executive Summary

  • Three-storey building providing 1 x commercial unit and 3 x self-contained apartments. There is a yard to the rear and a car park.
  • The building is fully let and provides a stable low risk income. The current combined passing rental income is £56,060 per annum.
  • Located within a well-connected and affluent North London suburb. The property has a number of asset management angles.
  • Offers are invited in excess of £1,000,000, subject to contract. The property is to be sold subject to the existing tenancies.
  • EPC Rating – D (Flat A), C (Flat B), C (Flat C) & D (Commercial).

Location
The property is located at the end of a terrace of mixed-use properties on Woodhouse Road (A1003) at the junction with Short Way. New Southgate railway station is 0.9 miles away and provides a direct service to Moorgate. West Finchley London Underground station is 1.1 miles away and is on the High Barnet branch of the Northern line between Finchley Central and Woodside Park stations. The area is well served by buses. The A406 (North Circular) is approximately 1 mile away and provides access to the A1, M1 and A10.

Please note all distances given are approximate only.

Description
The property is currently arranged over three floors and benefits from a rear yard and a car park for approximately 2/3 cars. To the front on the ground floor is a commercial unit currently used as offices and occupied by a care agency. On the rear of the ground floor, there is a self-contained apartment that has use of the garden. The first and second floor provides two further self-contained apartments. Please refer to the accommodation schedule for full information on the configuration and income of each part.

Development
To the rear of the property is a small garden currently used by Flat A and a car park used by the commercial tenant. As the property is at the end of the terrace, and subject to appropriate consent is obtained, the property benefits from long term development potential for a significant rear extension.

Terms
Offers are invited in excess of £1,000,000, subject to contract. The property is to be sold subject to the existing tenancies.

VAT
It is understood that the building is not elected for VAT.

EPC
The property has the following EPC ratings - D (Flat A), C (Flat B), C (Flat C) & D (Commercial).

Viewings
Viewings are strictly by appointment through sole agents Harston&Co.

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The Site and all the content on the Site is provided for use "as is" and "as available" and any reliance upon the same is at your sole risk. Whilst We take all reasonable care to ensure that the content on this Site is accurate, We cannot guarantee its accuracy and We reserve the right to change the content on this Site at any time. We make no representations or warranties of any kind with respect to this Site or the content of the Site, including any text, graphics, advertisements, links or other items. Further more, neither We nor any other contributor to this website make any representation or gives any warranty, condition, undertaking or term either expressed or implied as to the condition, quality, performance, accuracy, fitness for purpose, completeness or freedom from viruses of the content contained on the Site or that such content will be accurate, up to date, uninterrupted or error free.