4 bed property

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4 bed property

High Road, Wood Green, London N22
£1,000,000

Our Summary

  • Mixed use investment opportunity in a prime Wood Green location
  • The residential property could benefit from updating, which in turn could increase the rental income

Description

This mixed-use investment opportunity in Wood Green's prime location offers a 1,967 sq ft freehold building with a commercial shop on the ground floor and five residential rooms on the first and second floors. The property generates a total income of £89,920 per annum, comprising £61,920 from the residential units and £22,000 from the commercial unit. The residential space has the potential to increase rental income with some updating, and the property offers a total yield of 8.4%. Located just 0.7 miles from the Bound Green Underground station on the Piccadilly Line, this property presents a unique investment opportunity in a sought-after area.