61-63 Tottenham Lane, London

The property comprises a rarely available and unique opportunity to acquire a high yielding, mixed-use, investment located on a high footfall street in Crouch End.

Arranged as a double fronted retail unit with 12 residential units to the upper parts and a separately accessed rear mews, the property is fully let to separate tenants and producing a total rent of £244,200 per annum.

The ground floor is let to Ayrton Bespoke Limited, a long standing occupier of 10+ years on a recently renewed 10 year lease expiring 31.10.2035 and paying £31,500 per annum.

The residential units are accessed from both Tottenham Lane and Harvey Mews to the rear and comprise 3 x Studios, 7 x One Bedroom Flats, 1 x Two Bedroom Flats and 1 x Three Bedroom Flats. All units are let on ASTs to separate tenants.

A number of the units are let to long standing tenants, with the ASTs commencing 3+ years ago. We therefore consider the property offers asset management potential via renewal of these ASTs and improvement of rents. Based on rents that have been achieved within the block most recently, we consider the property has an Estimated Rental Value (ERV) of £260,000 per annum.

The property occupies a prominent pitch fronting Tottenham Lane, an arterial route connecting the centres of Crouch End and Hornsey. The property therefore benefits from high footfall and the surrounding area comprises similar mixed uses.