Hornsey Road, London, N19

IN BRIEF
This 1,939 sq ft three storey mixed use building offers investors an attractive rental yield and development potential. Comprising a ground floor shop and a five bedroom duplex apartment, it’s located on thriving Hornsey Road in Upper Holloway.

PROPERTY DESCRIPTION
With 733 sq ft of space and a rear yard, the ground floor Class E commercial unit is in this building is suited to a variety of uses. Also containing a five-bedroom apartment on the upper floors, the whole building offers investors an attractive yield and the potential to add value by adding a fourth floor. The neighbouring properties in the terrace both have an additional floor, and one has an extensive roof terrace.

The commercial unit has a central front door in the fully glazed (and shuttered) frontage that opens into an approximately 37ft by 13ft main space, with a kitchen, store, and WC at the rear. The kitchen has a window that overlooks the paved and walled rear yard which is currently accessed via a door from the WC. This unit is in reasonable condition.

With its own ground level front door to the side of the shop unit, the first and second floor apartment can be configured to maximise rental income with five bedrooms in addition to the living room, kitchen and two bathrooms. In this scenario the first floor is home to the living room, kitchen, bathroom, and two of the five bedrooms, with the remaining three bedrooms and a shower room on the second floor.

The 11’7” by c.11ft living room has two tall west-facing windows and ample space for sofas. Located across the large hallway, the kitchen is simple and stylish with fitted handleless wall and floor cabinets, a white metro-tiled splashback, and space for a dining table beneath the window. The bathroom beyond is fully tiled and has a bath with shower attachment, a washbasin unit, and a WC. Both first floor bedrooms can accommodate a double bed but also make ideal workspaces.

The second floor landing is spacious and light with a large east-facing window and doors to the three bedrooms and shower room on this floor. One of the bedrooms (at the front with two tall west-facing windows) is a large double, whilst the other two measure 12’2” by 6’5” and 8’5” by 7’10” respectively. The shower room is fully tiled and has a shower cubicle, washbasin console, and WC.

The apartment is in a good condition throughout with white painted walls and woodwork, practical dark grey carpet in the hall, stairs and landing and wood laminate floors in the living room, kitchen, and bedrooms. It has good natural light throughout thanks to plentiful double glazed windows, and gas central heating.

Offered chain free.

LOCAL LIFE
Hornsey Road is home to a wide selection of shops and services, and the Upper Holloway segment lies within a popular residential area with easy access to a wide range of amenities including shops, green spaces, and stations. Nearby areas include Stroud Green and Crouch End, both offering a great selection of shops, cafes, and restaurants. The area is also known for its good primary and secondary schools.

The property is ideally positioned for easy access to several stations. The nearest, about half a mile from the apartment, are Upper Holloway and Crouch Hill overground stations on the Suffragette Line. Archway station on the Northern Line is a 10-15 minute walk (0.8 miles) and the north London transport hub of Finsbury Park on the Piccadilly and Victoria tube lines and with Thameslink and Great Northern train services also lies within a mile.

115-acre Finsbury Park has large open areas of grass, water features, sports facilities, and playgrounds. Popular with all ages it’s a mainstay of the leisure and entertainment scene, with regular community events, concerts, and festivals.