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Commercial Property for sale

34 Junction Road, London, N19

Removed £4,000,000
5,379 sq. ft.

Property Description

Commercial information

  • 5,379 sq ft (499 sq m)

Full description

Tenure: Freehold

- Freehold investment in main road corner location 125m from Archway Underground Station
- Newly built mixed use development
- Residential rental income of £137,200 per annum, VP of ground floor retail unit
- The property comprises a newly built mixed use development over ground, basement and three upper floors
- The ground floor and basement comprises a retail unit with A1 use in shell condition and with vacant possession, ready to let
- The upper parts comprise three upper floors of residential with communal roof terrace at third floor level
- Each of the residential units are let on Assured Shorthold Tenancies at rents of between £1608 pcm and £3000 pcm
- The total rent income from the residential lettings is £137,200 per annum
- The ground floor and basement will be offered with full vacant possession on completion. The unit is currently on the market at a rent of £70,000 per annum
- The potential therefore exists to create an investment when fully let that produces in excess of £200,000 per annum.

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