Green Lanes, Newington Green, London, N16
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- BATHROOMS
2
- SIZE
1,539-1,540 sq ft
143 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Offers In Excess Of £990,000.00
An exciting opportunity to acquire this three-storey freehold property on the ever-popular Green Lanes in Newington Green, N16. The building comprises a large commercial unit on the ground floor and two residential apartments above, currently generating a total annual rental income of approximately £57,300.
Property Breakdown:
Ground Floor: A spacious commercial unit currently fitted out for hospitality use, including a customer area, kitchen, and W/C. The unit is let at £16,500 per annum. Potential exists for change of use or redevelopment, subject to planning permission.
First Floor: A well-proportioned two-bedroom apartment with open-plan kitchen and living space, let at £22,800 per annum.
Second Floor: A self-contained one-bedroom apartment generating £18,000 per annum.
Investment Highlights:
Current gross rental income: £57,300 per annum
Freehold tenure with full control over the asset
Potential to increase value and rental returns through refurbishment or extension (STPP)
Location:
Situated in a vibrant Zone 2 location close to the amenities of Newington Green and Stoke Newington. Local attractions include Clissold Park and Church Street?s independent shops and cafes. Canonbury Overground Station is within walking distance, offering excellent transport links into the City and beyond.
Development Potential:
The property offers considerable scope for development, with the potential for further extension or reconfiguration, subject to obtaining the necessary planning consents. Ideal for investors, developers, or owner-occupiers seeking a live/work setup.
Summary:
A versatile and income-generating freehold property in one of North London's most desirable urban villages. Viewing highly recommended.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Green Lanes, Newington Green, London, N16
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Visit our security centre to find out moreDisclaimer - Property reference GLD250024. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Goldmove Properties, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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