Birkbeck Road, North Finchley, London, N12

Rare opportunity to acquire this mixed use building which has been in the same ownership for approximately 50 years. The building facing Birkbeck Rd is a house converted into 3 good condition, self-contained flats, all let by way of AST's. 44 Birkbeck Rd, 2 bed £1200 per calendar month expires 17.8.23 (Rent to be increased from 18.8.23 to £1350 pcm) , 46 Birkbeck Rd, 2 bedrooms, £1600 per calendar month, tenancy agreement expires 31.5.24. 48 Birkbeck Road, 1 bedroom front door access onto Birkbeck Road, £1500 per calendar month, expires Jan 2024. Total income of £4300 pcm, but we feel there is potential to increase this figure.

From Birkbeck Rd the commercial element of the building is accessed by a courtyard garden with doors onto both the entrance hallway and the retail showroom. The building is made up of various rooms utilised for the framing business in occupation over 2 floors totalling 3000 sq.ft. approx.

To be sold with vacant possession on the commercial element and benefitting from the AST's on the residential element.

Our clients have employed a very competent local architect's practice to draw up a scheme for 5, 1 bed apartments within the commercial element of the building. Plans available upon request.

Sale by way of a share sale of a limited company whose only asset is this building.

Location

Birbeck Road is well positioned for Ballards Lane and the High Road where you have a choice of shops, bars, restaurants and a few minutes from Woodside Park Underground Station (Northern Line) and Tally-Ho Bus Terminus.

Legal Costs

Each side to be responsible for their own legal fees

Tenure

Freehold

EPC

Available on request

Viewing

Via the owners sole agents PSS Commercial.



VAT

Under the Finance Acts 1989 and 1997 VAT may be levied on the purchase price. We recommend that the prospective buyers establish the VAT implications before entering into any agreement.