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End of terrace house
Crouch Hill, Crouch End, North London
£1,975,000
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Our Summary
- Potential for future rental growth and asset management opportunities
- The residential rents are currently below market value, offering potential for future rental growth
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Description
The property is a fully income-producing mixed-use investment occupying a prime location in the Crouch End/Stroud Green area of North London. The ground floor is a well-established café with a nearby storage basement and outdoor seating space, let on a 20-year lease producing £43,000 per annum. The upper floors comprise 6 flats, including 2 one-bedroom and 2 studio units, which are let to long-term private tenants generating £64,332 per annum.
The property has a gross annual income of £107,332.