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High Street, High Barnet, EN5 Land for sale
High Street, High Barnet, EN5
£1,000,000
High Street, High Barnet, EN5
£1,000,000
Our Summary
- 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
- Parcel of land at the rear with Development Potential1
- With scope to extend subject to the usual consents
- DEVELOPMENT POTENTIALLand to the rear of 141A High Street, Barnet
- Lapsed planning permission to create 6 self-contained offices
- Planning Permission Expired and never implemented
Description
This investment opportunity comprises a freehold property with a residential and commercial component, as well as a parcel of land with potential for development. The property includes two residential flats, one with a 2-bedroom layout and a 700ft top-floor balcony, and the other with a 1-bedroom layout and a private balcony. Both flats are let on assured shorthold tenancies (ASTs) for £1,350 and £1,250 per month, respectively. The freehold property consists of 10 residential units and 3 commercial units, with a 125-year lease and a peppercorn annual rent. The land at the rear has lapsed planning permission for six self-contained offices, providing potential for future development, subject to the usual planning consents.