An investment opportunity to purchase the freehold, plus 2 x residential flats, and a parcel of land with potential for a development, subject to the usual planning consents. Please contact Spencer & Sener for more information.
ONE LOT COMPRISING:
1. Residential Investment- 1 x 2 bed flat and 1 x 1 bed flat both let on AST
2. Freehold Investment- 10 x residential units and 3 x commercial units.
3. Parcel of land at the rear with Development Potential
1. RESIDENTIAL INVESTMENT
1 x 2 bed flat 700ft top floor flat with 37’4 x 21’7 approx. private balcony and allocated parking space. Let on an AST at a rent of 1350 pcm. With scope to extend subject to the usual consents.
1x 1 bed flat 685 sq ft / 63.6 sq m top floor flat with a private balcony and allocated parking space. Let on an AST at a rent of 1250 pcm.
2. FREEHOLD INVESTMENT.
10 x Residential Units & 3 Commercial Units
10 x flats with allocated parking
125 year Lease commencing circa December 2013
Ground Rent: 100 per annum first 25 years
200 per annum second 25 years
400 per annum third 25 years
800 per annum fourth 25 years
1600 per annum remainder of term
Service charge: Payable quarterly
3 x Commercial Units with allocated parking.
999 Year Lease.
Annual Rent- Peppercorn
3. DEVELOPMENT POTENTIAL
Land to the rear of 141A High Street, Barnet.
Lapsed planning permission to create 6 self-contained offices.
Planning Permission Expired and never implemented.
Lease 999 years

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