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Pheonix Works, Cornwall Road, Hatch... Plot for sale
Pheonix Works, Cornwall Road, Hatch End, HA5
£700,000
Pheonix Works, Cornwall Road, Hatch End, HA5
£700,000
Our Summary
- A rare opportunity to purchase an investment property with redevelopment potential
- FULLY LET INVESTMENTDEVELOPMENT POTENTIALPOPULAR LOCATIONYOGA/CLUB/RETAIL USESLEASES OUTSIDE LTA 1954SHORT TERM LEASESACCOMMODATION SQ FT SQ MUNIT 2A 1,226 113
- DEVELOPMENT POTENTIAL
- Development potential
Description
This is a rare investment opportunity to purchase a freehold property with redevelopment potential, comprising three adjoining single-storey buildings used as a yoga studio, private members club, and beauty salon. The property is fully let with three separate leases, two of which have break clauses, and one with a tenant-only break clause. The leases are outside the security of tenure provisions of the Landlord & Tenant Act 1954, providing flexibility for redevelopment or re-letting. The property is located in a popular residential area with a range of high-end retail and dining options, and is within walking distance of Hatch End Station, which provides rail access to Central London and Watford. With a total floor area of 2,391 sq ft, this property offers a unique combination of investment potential and redevelopment opportunities.