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1/2

22 Fillebrook Avenue, Enfield

Guide price

£225,000

Auction

Size

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Tenure

Freehold

EPC

Parking

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Primary use
Mixed use

No floor / site plan

Key features

  • Rarely Available Mixed-Use Investment
  • Retail Unit and One Bedroom Flat
  • Fully Let to a Laundrette
  • Lease Expires 02.07.2030
  • Outstanding Rent Reviews and Future Rent Review in 2027
  • Asset Management Potential
  • ERV Approx. £35,000 per annum
  • High Footfall in Popular Parade
  • Investment Let at £19,000 p.a. (8.4% GIY on Guide Price)

Description

The property comprises a rarely available mixed-use investment let to a laundrette and occupying a prominent high footfall pitch.

Arranged as a ground floor retail unit and a one bedroom flat to the upper parts, the property is fully let to a single tenant trading as a laundrette on a lease expiring 02.07.2030 and paying £19,000 per annum.

The rent has not been reviewed since the commencement of the lease, and we therefore consider the property offers asset management potential via two outstanding rent reviews providing an opportunity to improve rent, with a further rent review due 24.06.2027. We consider the Estimated Rental Value of the property to be in the order of £35,000 per annum.

The property forms part of a popular local parade fronting Fillebrook Avenue. The parade comprises the principal local retail amenity for the surrounding residential area.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Energy performance certificate: A

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating

Unclassified

Environmental description
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Read more about energy considerations for commercial property

22 Fillebrook Avenue, Enfield

NEAREST STATIONS

National Rail

Enfield Town Station

0.62 miles

National Rail

Enfield Chase Station

0.95 miles

National Rail

Gordon Hill Station

1.04 miles

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Disclaimer - Property reference 2C548770-6F65-447C-9132-65B04BF62ADA. 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 Savills National , Savills Auctions- Commercial. 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.