136 High Road, East Finchley, London N2 9ED | Property for sale | Savills
Guide price £1,000,000(€1,179,962)

136 High RoadEast Finchley, London N2 9ED

  • New
  • Sole agency
  • Freehold
Investment

Key features

  • Prominent freehold four floor corner building
  • Arranged as a retail unit over ground and basement
  • Residential accommodation over the first and second floors
  • Investment / development opportunity subject to consents
  • 0.3 miles from East Finchley Station
  • Rent reserved £38,060 per annum
  • Part vacant
  • By order of the Receivers

Prominent freehold four floor corner building, arranged as a retail unit, with residential accommodation over the first and second floors.

About this property

  • The asset is an attractive four-floor end of terrace building comprising a retail unit arranged over ground and basement floors trading as an off-license. The residential upper floors currently provide a one-bedroom first floor flat which is let on an assured shorthold tenancy. There are also four individual rooms on part first and second floors which have been let as shared accommodation, currently part let at £455 per calendar month. There is a good size rear garden with development potential subject to consents.

Local information

  • Situated to the east side of High Road in a prominent corner position at the junction with Leicester Road.
  • Forming part of a busy retail thoroughfare, other nearby occupiers include Sainsbury's Local and Cafe Nero together with many other local traders and restaurants.
  • A popular residential area being close to East Finchley Underground Station providing swift access to central London.
  • The green open spaces of Hampstead Heath and Highgate Woods are located in close proximity.

Additional information

  • Ground and basement - Retail, former Off-Licence, Basement stores, Wc
  • First floor - One bedroom flat
  • First and second floors - Four rooms with shared facilities.
  • Ground floor retail unit - Let to an individual on a 12 year lease at a rental of £23,000 per annum, which expired on the 28/09/2021 and the tenant has been holding over - See note
  • The first floor one bedroom flat is let on a 12 month assured shorthold tenancy from 01/10/2018 at a rental of £800 per calendar month.
  • One room on the second floor is holding over on a statutory periodic tenancy at a rental of £455 per calendar month.

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