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High Rental Yield with development potential shop and 3 /4 bedrooms flat in Enfield --Viewing STRICTLY by appointment

For sale: £575,000.00|800 Sq Ft|Residential, Flat, General Retail, Retail

PROPERTY DETAILS

FOR SALE£575,000.00
SIZE800 Sq Ft
ADDRESS Hertford Road, Enfield, EN3 6SE
TYPEResidential, Flat, General Retail, Retail
TENUREBusiness for sale, For Sale Freehold
POSTED ON21st September 2019

DESCRIPTION

Prime Location in Enfield
Shop and 3 / 4 bedrooms Flat
Commercial and Residential Unit
Development opportunity
Massive shop front

Ground Floor: A1 Shop (Laundry)
Shop Size: 800 sqft approx
Anticipated Rental income of the shop : £18,000pa

3-4 Bedrooms Flat
Ground Floor: Lounge, Open Plan Kitchen
First Floor: 1 Master bedroom, 2 Double Bedrooms, Toilet & Bathroom
Existing Rental income: £14,400pa
Potential for rental income from the flat: £20,000pa
Total anticipated rental income : £18,000+£20,000 = £38,000pa
Rental Yield : 7% approx

Running laundry Business for 35 years
Potential for Loft Conversion into a Studio
Conversion of existing 3 bedrooms into 4 bedrooms Flat
Premium of business around £50,000
No Rates as reported
GUIDE PRICE: £550,000 - £575,000
Viewing STRICTLY by appointment

For viewing please contact Dee Estates on:
0207 060 3366
(Monday to Saturday STRICTLY between 9am to 7pm)

Disclaimer:
These particulars do not constitute, nor constitute any part of, an offer or contract. All statements contained in these particulars as to this property are made without responsibility on the part of or the vendors or lessors. None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All measurements have been taken as a guide to prospective buyer only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Kindly inform us if you become aware of any information being inaccurate.

LOCATION

Location: Hertford Road, Enfield, EN3 6SE

Loughton (4.6 miles)

Oakwood (4.6 miles)

Buckhurst Hill (4.9 miles)

Enfield Lock (0.5 miles)

Ponders End (0.5 miles)

Turkey Street (0.6 miles)

AGENT'S DETAILS

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