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275-277 Archway Road, Highgate, London, N6 5AA

3,706 Sq Ft / Other / Investment

For Sale - £2,200,000.00

Available - Last updated: 10 June 2024

Summary

The property comprises a mid-terrace five storey building. Five of the Seven flats have been newly refurbished, each benefitting from double-glazed windows, tiled flooring, walk in shower and open plan living, kitchen and dining area.

The property consists of 7 self contained flats, including 3x studios, 2x 2 beds and 2x 1 beds. The 2 one bedroom flats are in need of refurbishment and are currently under rented. The EPC for the commercial and residential aspects range from C to E.

The commercial element is currently let to Hair Definitions, an established hair dresser who signed a 10 year lease in July 2014.

The rents are as follows:

Shop - £13,500 per annum - Lease Expires in July 2024
Flat 1 - £1,200 per month - Studio - AST Expires September 2024
Flat 2 - £1,750 per month - 2 bed - AST Expires February 2025
Flat 3 - £1,200 per month - Studio - New AST being signed
Flat 4 - £1,150 per month - 1 bed - Rolling AST from June 2021
Flat 5 - £1,200 per month - 1 bed - Rolling AST from January 2022
Flat 6 - £1,200 per month - Studio - AST Expires March 2025
Flat 7 - £2,200 per month - 2 bed - AST Expires May 2025

Total income of £132,264 with an ERV of £155,000 per annum


Key Points

  • Freehold
  • Unbroken Block
  • 7 Flats + Commercial Unit
  • Passing Rent of £132,264
  • Directly Opposite Highgate Station
  • Large Rear Garden
  • Part Refurbished
  • Value Add Potential
  • Location

    Located in the heart of Archway Road. The property is a 10 second walk from Highgate Station (Northern Line) situated opposite. Numerous buses service the area offering links to Central London, Highgate, Crouch Hill and Camden. There are wide range of cafes, shops and restaurants along Archway Road.

    Property Quote Price(s)

    DescriptionSale typeGuide pricePrice type
      For Sale Freehold £2,200,000.00 NA

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    Contact agents

    Ethan Shine

    Forest Real Estate

    020 3369 0464

    Cormac Sears

    Forest Real Estate

    020 3151 9095



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