High Road, London, N22

This well-proportioned mixed-use property comprises of both (E-Class) retail on the ground floor and (C3) residential accommodation on the first and second floor. The upper floors are split into five separate dwellings, all leased out individually. The total square footage of this freehold building is 1,967. Located on High Road in Wood Green 0.7 mile from the closest Underground station, Bound Green, which is on the Piccadilly Line. The residential property could benefit from updating, which in turn could increase the rental income.

The residential uppers are currently achieving £61,920 per annum, with the commercial achieving £22,000 p.a. Giving a total income of £83,920, reflecting 8.4% yield.

The commercial tenancy expires in 2027, and there is an opportunity to improve upon this rent with an upcoming rent review.