Fixed price
£660,000
Retail premises for saleHertford Road, Enfield EN3
Auction
About this property
Hertford Road, Enfield En3
Freehold investment for sale comprising 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.
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)
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
Terms: £660,000 for the freehold interest, subject to the tenancies mentioned above.
Freehold investment for sale comprising 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.
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)
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
Terms: £660,000 for the freehold interest, subject to the tenancies mentioned above.
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Monthly repayment
£3,301 per month
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