Retail premises for sale

Hertford Road, Enfield EN3

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.