This freehold property offers a unique investment opportunity in the vibrant area of Hendon NW4. Featuring a well-established restaurant with a solid lease, this property also includes eight self-contained studio flats, making it an attractive option for those looking to capitalize on rental income.
The restaurant space has been occupied by the same tenant for several years and boasts an annual rental income of £28,000. The current lease has approximately five years remaining, providing stability and predictability for potential investors. Positioned on Brent Street, the location benefits from high visibility and foot traffic, which are advantageous for any retail or dining establishment.
The upper floors consist of eight studio units, each generating £800 per month. These self-contained flats feature three communal utility rooms and have separate entrances, enhancing convenience for residents. Each studio has been assigned its own Energy Performance Certificate (EPC), with all units achieving a rating of C.
There remains significant renovation potential within this property. Subject to planning permission (STPP), there is opportunity to expand vertically and increase the overall living space or introduce additional units—an appealing prospect in a sought-after neighborhood like Hendon.
With its strong rental performance and possible development scope, this property presents a promising chance for investors seeking to enhance their portfolio in an area known for its growth and accessibility. Early inquiries are encouraged to fully understand the potential this asset holds.
