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Agent's details

315-317 Green Lanes, Palmers Green, Southgate, Greater London, N13 4YB

For sale: £1,700,000.00|5,157 Sq Ft|General Retail, Retail - High Street, Retail

Property details

FOR SALE£1,700,000.00
SIZE5,157 Sq Ft
ADDRESS315-317 Green Lanes, Palmers Green, Southgate, Greater London, N13 4YB
TYPEGeneral Retail, Retail - High Street, Retail
TENUREFor Sale Freehold
POSTED ON31st March 2023

Description

Prime High Street retail investment with asset management opportunities and residential income, let to Boots UK Limited

Key Features

- Prime high street retailing location in Palmers Green.


- Freehold property totalling 5,157 sq ft, arranged over ground and three upper floors.

- Let to Boots UK Limited covenant.

- Boots have been in occupation since 1994 demonstrating their commitment to the location and property.

- The property includes three residential flats on the upper floors let separately to the Boots lease.

- Total income of £108,080 pa.

- Potential asset management opportunities.

- Offers invited in excess of £1.7m reflecting a Net Initial Yield of 7.22% on the Boots income, and a total capital value of £900,000 on the residentia


( Agency Pilot Software ref: 113130 )

Location

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Location: 315-317 Green Lanes, Palmers Green, Southgate, Greater London, N13 4YB

Bounds Green (1.1 miles)

Arnos Grove (1.2 miles)

Southgate (1.3 miles)

Palmers Green (0.1 miles)

Bowes Park (0.8 miles)

Alexandra Palace (1.5 miles)

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