Freehold Mixed-Use Building – Green Lanes, N16
Guide Price: £1,100,000
An exciting opportunity to acquire this three-storey freehold property on the ever-popular Green Lanes in Newington Green, N16. The building comprises a large commercial unit on the ground floor and two residential apartments above, currently generating a total annual rental income of approximately £57,300.
Freehold Mixed-Use Building – Green Lanes, N16
Offers In Region Of £925,000.00
An exciting opportunity to acquire this three-storey freehold property on the ever-popular Green Lanes in Newington Green, N16. The building comprises a large commercial unit on the ground floor and two residential apartments above, currently generating a total annual rental income of approximately £57,300.
Property Breakdown:
Ground Floor: A spacious commercial unit currently fitted out for hospitality use, including a customer area, kitchen, and W/C. The unit is let at £16,500 per annum. Potential exists for change of use or redevelopment, subject to planning permission.
First Floor: A well-proportioned two-bedroom apartment with open-plan kitchen and living space, let at £22,800 per annum.
Second Floor: A self-contained one-bedroom apartment generating £18,000 per annum.
Investment Highlights:
Current gross rental income: £57,300 per annum
Freehold tenure with full control over the asset
Potential to increase value and rental returns through refurbishment or extension (STPP)
Location:
Situated in a vibrant Zone 2 location close to the amenities of Newington Green and Stoke Newington. Local attractions include Clissold Park and Church Street’s independent shops and cafes. Canonbury Overground Station is within walking distance, offering excellent transport links into the City and beyond.
Development Potential:
The property offers considerable scope for development, with the potential for further extension or reconfiguration, subject to obtaining the necessary planning consents. Ideal for investors, developers, or owner-occupiers seeking a live/work setup.
Summary:
A versatile and income-generating freehold property in one of North London’s most desirable urban villages. Viewing highly recommended.
