Property photos
Auction
Fixed price
£660,000
Retail premises for sale
Hertford Road, Enfield EN3Local area information
Property location
Nearby amenities
- Eastfield Primary School 0.2 miles
- Ark John Keats Academy 0.2 miles
- Turkey Street 0.4 miles
- Enfield Lock 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Waltham Cross to find out more about the local area.
Features and description
Hertford Road, Enfield En3
Freehold investment for sale comprising shop with upper part over two upper floors arranged as retail premises at ground floor level, a one bedroom flat at first floor and a studio flat on the second floor. Both residential units are self-contained and let on AST’s (Assured Shorthold Tenancies). The shop is to be let on a new 20 year full repairing and insuring lease from completion. This represents an ideal opportunity to invest in the local area and benefit from the growth and income.
Areas:
Ground floor shop
530.61 sq ft (49.30 sq m)
Frontage 7.03m
Plus rear yard
1st floor flat
Arranged as bedroom, lounge, kitchen & bathroom
481 sq ft (46 sq m)
2nd floor flat (studio)
Incorporating kitchen/bedroom/lounge & shower room
269.07 sq ft (25 sq m)
Tenancies:
Shop to be let as a barbers on a new 20 year full repairing and insuring lease at £18,500 pa.
1st floor flat — let on an AST for 12 months from September 2024 at £1,350 pcm (£16,200 pa)
2nd floor studio flat — let on an AST for 12 months from September 2024 at £1,000 pcm (£12,000 pa)
Total income — £46,700 pa
Showing an initial yield of 7.077% gross
Terms: £660,000 for the freehold interest, subject to the tenancies mentioned above.
Freehold investment for sale comprising shop with upper part over two upper floors arranged as retail premises at ground floor level, a one bedroom flat at first floor and a studio flat on the second floor. Both residential units are self-contained and let on AST’s (Assured Shorthold Tenancies). The shop is to be let on a new 20 year full repairing and insuring lease from completion. This represents an ideal opportunity to invest in the local area and benefit from the growth and income.
Areas:
Ground floor shop
530.61 sq ft (49.30 sq m)
Frontage 7.03m
Plus rear yard
1st floor flat
Arranged as bedroom, lounge, kitchen & bathroom
481 sq ft (46 sq m)
2nd floor flat (studio)
Incorporating kitchen/bedroom/lounge & shower room
269.07 sq ft (25 sq m)
Tenancies:
Shop to be let as a barbers on a new 20 year full repairing and insuring lease at £18,500 pa.
1st floor flat — let on an AST for 12 months from September 2024 at £1,350 pcm (£16,200 pa)
2nd floor studio flat — let on an AST for 12 months from September 2024 at £1,000 pcm (£12,000 pa)
Total income — £46,700 pa
Showing an initial yield of 7.077% gross
Terms: £660,000 for the freehold interest, subject to the tenancies mentioned above.
More information
Listed by
Claridges Commercial
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