This mixed-use property, available for the first time in 60 years, presents a significant opportunity for investors and developers alike. Situated on the bustling Northfields Avenue in West London (W13), it comprises three distinct income-generating units, making it an attractive option for those looking to expand their portfolio or undertake a renovation project.
The layout includes a two-bedroom flat on the first floor, which is currently let under an Assured Shorthold Tenancy. The tenants are responsible for all utility bills, providing a straightforward management scenario. On the ground floor, there are two additional units: a studio flat at the rear and a commercial unit at the front that houses a well-established barbershop. This diverse mix of residential and commercial space not only ensures steady rental income but also adds to the property's long-term value.
One of the standout features of this property is its potential for further development. With opportunities to create an additional flat on the top floor or expand existing residential accommodation—subject to local planning permission—there is ample scope to enhance both rental yields and capital appreciation over time.
Located in a vibrant area with excellent transport links, including Northfields Underground Station (Piccadilly Line), residents enjoy easy access to central London. The surrounding neighborhood boasts a variety of shops, cafes, and essential amenities, contributing to its desirability.
In summary, this freehold mixed-use investment stands out not just for its current income streams but also for its potential growth through renovation and development. Its prime location in West London further enhances its appeal as an investment opportunity with promising future returns.
