12-14 High Road & Whymark House, Whymark Avenue, Wood Green, London, N22 6BX

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FREEHOLD INVESTMENT OPPORTUNITY

A MIXED-USE RETAIL AND RESIDENTIAL BUILDING WITH ASSET MANAGEMENT AND FURTHER
DEVELOPMENT POTENTIAL

INVESTMENT SUMMARY
- Prominent corner Freehold retail and residential investment with existing income and tangible further development potential
- Ground floor Retail Unit (6,394 sq ft / 594 sq m) let to Poundland (inside the act with 3 months’ notice) at £200,000 pa (offers to lease in place)
- Whymark House comprises 13 self-contained flats (c.6,738 sq ft / 626 sq m NIA) all let on AST’s producing £190,800 pa
- Planning already submitted (HGY/2023/0181) to extend and convert one of the existing flats into a duplex and to build
a further 3 duplex flats
- Plans drawn (not submitted) for an additional 9 flats via a new build element above the retail (with 6 flats) and an extra floor on the existing residential (with 3 flats)
- Potential to purchase 4 neighbouring buildings to create a tower (Residential or Hotel)
- Located 100 metres from Turnpike Lane Underground Station (Piccadilly Line)
- Existing income provides an initial yield of 6.51% with significant upside
- Price: Upon Application (Subject to Contract)