Property Summary
Set within the heart of Stoke Newington this grand Victorian Freehold property is set over 3 levels and is comprised of both commercial and residential units.
Having a gross internal floor area of approximately 2700 sq. ft, the property is an exceptional investment opportunity.
The ground floor is comprised of a self-contained shop unit with a full-sized basement below.
There is an FRI lease with a remaining 9 years currently and the shop attains an annual rent of £17,000. It is currenly leased by Aylish Alexander Solicitors.
The upper levels benefit from their own entrance and are arranged as a house in multiple occupation (HMO) comprised of 7 bedsits. These units are currently returning the owner £54,600 per annum. However, at current market rate, each bedsit would attain £800 per month now acheiving £67,200 per annum.
Having a gross internal floor area of approximately 2700 sq. ft, the property is an exceptional investment opportunity.
The ground floor is comprised of a self-contained shop unit with a full-sized basement below.
There is an FRI lease with a remaining 9 years currently and the shop attains an annual rent of £17,000. It is currenly leased by Aylish Alexander Solicitors.
The upper levels benefit from their own entrance and are arranged as a house in multiple occupation (HMO) comprised of 7 bedsits. These units are currently returning the owner £54,600 per annum. However, at current market rate, each bedsit would attain £800 per month now acheiving £67,200 per annum.
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