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323 Green Lanes

861 SF Retail Building London N13 4YB $1,245,974 CAD ($1,447 CAD/SF)

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Investment Highlights

Located on Palmers Green high street
Additional income generated from residential unit to the rear

Has it's own private entrance

Executive Summary

This freehold property is situated on the prime pitch of Palmers Green high street. The property comprises a retail and terrace house at the rear which are both tenanted.
The retail unit is 861 sqft in size and currently operates as a Turkish resturant. The retail unit generates £31,200 per annum as rent and the tenant has a 10 year lease which commenced from 2023.
At the rear of the property there is an 2 bedroom terrace house which 635 sqft in size and has its own private enterance. This terrace house is let at £15,600 per annum. The remaining three flats above have been all sold off on long leaseholds which have approximately 125 years remaining. These three flats generate income of £300 per annum from service charge. The total income the property generates is £47,100 per annum.
The property is situated on the busy Green Lanes with excellent amenities and major retailers nearby. Palmers Green Station is 0.1 miles away which offers direct access into Central London & Hertfordshire.
The property will likely appeal to local and regional investors.

Brochure of 323 Green Lanes (1) (1)