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For Sale£725,000.00

Investment For Sale - Retail & Residential Freehold

Residential, Retail, Office, Offices , 1646 Sq Ft
Property type: Residential, Retail, Office, Offices
Tenure: Investment Opportunity, For Sale Freehold
Size: 1646 Sq Ft
Price: £725,000.00
Location: 380 Green Lanes, N13 5PD
A fully let freehold investment property for sale.

The ground floor premises is a fully fitted restaurant & takeaway, let on Full Repairing and Insuring lease for 15 years (14 years unexpired) at £22,000pax. The ground floor premises has seen extensive renovation as part of this letting.

There are three residential premises included in the sale:
380 A - 2 bedroom flat- sold on a long leasehold at a peppercorn rent
380 B - 2 bedroom flat - is sold on a long leasehold with a ground rent of £140pa with 40 years remaining.
380 C - 2 bedroom duplex coach house - let on an AST at £16,200pa including bills.

The premises is situated on Green Lanes a short distance from the prominent Fox Public House and the Palmers Green Post Office, close to Fox Lane and the surrounding residential areas. The shop is in a good position on the established and well served High Street retail location.
Palmers Green benefits from a number of multiple and independent retailers. Directly opposite a bus stop for the main bus services of Palmers Green. Palmers Green Network Rail Station is a short walk away.
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