3 bed property for sale

Green Lanes, Newington Green N16

Square Quarters are pleased to present this opportunity to purchase this Freehold building spread over 3 floors in this prime location consisting of a massive commercial unit a 2 bed apartment and one bed apartment all with excellent planning potential ideally located in Newington Green.

The building consists of a very large ground floor restaurant shop with ample seating, kitchen and toilet area. The first floor has a spacious 2 bedroom apartment over 600 Sq Ft with open plan kitchen living room and 2 double bedroom. The top floor has a cozy one bed apartment with open plan kitchen and lounge.

'The property is conveniently located for the local amenities in the area and provides excellent transportation links with Canonbury Train Station a short 11 minutes walk away, providing Overground services. Homerton University Hospital is also only a short 14-minute distance away. The sought-after location offers vibrant dining and buzzing bars within a 10-minute proximity. The popular Kingsland Shopping Centre is within 4 minutes from the property as well as a variety of pleasant greenery spaces such as Clissold Park.'

*Precedence from neighbouring properties to build up and also build back, subject to planning permission*

*Fantastic opportunity for an end user looking for some income or a developer to add value*

- Commercial Unit producing £16,500 pa - Rent Review Due

- 1st Floor Flat 2 bedroom producing £22,800 pa

- 2nd Floor Top Flat 1 bed producing £18,000 pa

*Units currently producing £57,300 pa total current yield 5.21%, great potential to increase these yields with refurbishments or development*