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 offers a unique combination of commercial and residential space. The property, with a total square footage of 1,967 sq ft, features a ground-floor shop and five separate dwellings on the first and second floors, all leased out individually. The residential units could benefit from modernization to increase rental income, while the commercial space is currently generating £22,000 per annum. The entire property yields a total income of £83,920 per annum, representing an 8.4% return on investment. Located just 0.7 miles from the Bound Green Underground station, this property presents a prime investment opportunity in a popular area of North London.