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High Street, Barnet, EN5 1 bed property with land for sale
High Street, Barnet, EN5
£1,200,000
High Street, Barnet, EN5
£1,200,000
Our Summary
- An investment opportunity to purchase the freehold, 2 residential flats and a parcel of land with potential for a development subject to the usual palnning 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, BarnetPlanning Permission Expired and never implemented
- Lease 999 yearsPlanning permission 14/08114/FUL to create 6 self-contained offices
Description
This investment opportunity presents a unique chance to purchase the freehold of two residential flats and a parcel of land with potential for development, subject to obtaining the necessary planning consents. The two flats, both let on assured shorthold tenancies, generate a combined annual income of £2600. The freehold investment includes 10 residential units and 3 commercial units, with a 125-year lease and annual ground rent and service charge payments. The parcel of land at the rear has development potential, with a previously expired planning permission to create 6 self-contained offices. With scope to extend the residential flats and potential for further development, this property offers a range of opportunities for investors and developers alike.