This property presents a rare opportunity to acquire an unbroken freehold on a bustling high street, with significant potential for value enhancement through strategic planning and asset management. The commercial unit spans the basement and ground floor, currently leased to long-standing tenants who have maintained occupancy for over 15 years, generating a secure income of £17,500 per annum. Recent amendments to their licensing arrangements ensure that they will continue operating while a development plan is underway.<br><br>The first-floor residential unit, a spacious one-bedroom flat of approximately 720 sq ft (NIA), is vacant and requires modernization, providing ample scope for refurbishment to increase rental yield or resale value. The second-floor flat, also a large one-bedroom unit at roughly 652 sq ft (NIA), is currently tenanted at £1,250 pcm with plans to increase the rent to £1,450 pcm starting January 2026 following recent review procedures.<br><br>Strategically planned developments could significantly expand the property's offerings. Two different planning options are available: the first involves creating three additional residential units through rear extensions and excavation work; the second proposes converting the space into five self-contained flats while retaining the commercial footprint. Both options highlight the potential for substantial expansion in both living space and overall market value.<br><br>Located in vibrant East Finchley High Road, just a five-minute walk from East Finchley Underground Station (Northern Line), this property benefits from excellent transport links and proximity to a variety of local amenities including supermarkets, cafes, and independent stores. Its strategic location enhances its appeal as an investment opportunity with promising returns on development efforts.
