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Green Lanes, N16

Key features

  • Mixed Freehold Investment
  • 2 x One Bedroom Flats
  • Ground Floor & Basement Shop
  • Workshop To Rear With Development Potential

Description

Mixed Freehold Opportunity | Rear Workshop With Scope For Development (subject to planning) | Annual Income £64,600

This is both a fantastic investment and development opportunity, with 2 x one bedrooms flats and a ground floor and basement restaurant , all let and currently taking £ per annum , in addition to a workshop to the rear, which - subject to the necessary planning, could be developed into an addition residential dwelling.

The property is placed in pretty much equal distance for both Newington Green and Stoke Newington Church Street for amenities, as well as public transport , with Canonbury and Dalston Kingsland within walking distance too.

Further details on lease agreements will be provided on enquiry only.

Ground Floor & Basement - let at £25,000 per annum

First Floor Flat - let at £1,600 p/m ( £19,200 per annum)

Second Floor Flat - let at £1,700 p/m ( £20,400 per annum)

Total Annual Income - £64,600

Brochures

Green Lanes, N16Brochure
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Green Lanes, N16

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Affordability

Monthly repayments£5,780
Property: £ 1,150,000
Deposit: £ 115,000
Interest rate: 5.35%
Term: 30 years
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Extension potential
Recently sold & under offer
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About Michael Naik, London

57 Stoke Newington Church Street, London, N16 0AR

Founded in 1985, Michael Naik & Co is an independent Estate Agent in Stoke Newington and specialising in both Residential & Commercial property within N16 and all surrounding areas. A friendly, family run office on hand to offer advice on all aspects of property sales, rental and management with a wealth of both local and industry knowledge. So whether you are looking for a free market valuation of your home, or would like advise on other matters relating to your home.

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Disclaimer - Property reference 35018234. 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 Michael Naik, London. 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.

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