Hendon Lane, Finchley, London N3

Ready made investment arranged as 13 individual flats which are let and income producing plus 1 shop which is also let and income producing. There is potential (subject to planning) to create more space to the rear of the development. Please refer to the rent schedule below for further details of income.

There is lapsed planning approval for further development of the site. Please refer to London Borough of Barnet Planning Reference 21/5048/FUL.

Tenancies:
Flat 1 - £1300 pcm (£15,600 pa) - 1 bedroom
Flat 2 - £1050 pcm (£12,600 pa) - Studio flat
Flat 3 - £1600 pcm (£19,200 pa) - 1 bedroom
Flat 4 - £1400 pcm (£16,800 pa) - 1 bedroom
Flat 5 - £1450 pcm (£17,400 pa) - 1 bedroom
Flat 6 - £1800 pcm (£21,600 pa) - 2 bedrooms
Flat 7 - £1350 pcm (£16,200 pa) - 1 bedroom
Flat A - £1250 pcm (£15,000 pa) - 1 bedroom
Flat B - £1325 pcm (£15,900 pa) - 1 bedroom
Flat C - £1325 pcm (£15,900 pa) - 1 bedroom
Flat D - £1400 pcm (£16,800 pa) - 1 bedroom
Flat E - £1300 pcm (£15,600 pa) - 1 bedroom
Flat F - £1400 pcm (£16,800 pa) - 1 bedroom
Shop - £1000 pcm (£12,000 pa)
Let to After Dark been in occupation over 15 years (2 years remaining)
Total rental income - £18,950 pcm (£227,400 pa)

Location:
Situated on Hendon Lane, Finchley close to the junction with Gravel Hill and Hendon Avenue. The premises are within walking distance of Finchley Central Northern Line Station (Barnet Branch).

Terms:
Held freehold subject to the tenancies stated.
Offers in the region of £2.5m are sought