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High Street, Barnet, EN5 Land for sale
High Street, Barnet, EN5
£1,100,000
High Street, Barnet, EN5
£1,100,000
Our Summary
- An investment opportunity to purchase the freehold, plus 2x 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 is an investment opportunity to purchase the freehold of a property, including two residential flats and a parcel of land with development potential. The two flats, both let on assured shorthold tenancies, generate a combined annual income of £2600. The freehold also includes 10 residential units and 3 commercial units, with a 125-year lease and a peppercorn rent. The commercial units have a 999-year lease and a rent of £1 per annum. The parcel of land at the rear has lapsed planning permission to create six self-contained offices, and the seller is looking for offers to purchase the property. The property offers a range of potential income streams and development opportunities, subject to the usual planning consents.