This substantial freehold property presents an exceptional investment opportunity in a highly desirable area of North West London. Nestled between Kentish Town, Camden, and Gospel Oak, with easy access to Hampstead Heath, this mixed-use building features a commercial space on the ground floor with basement facilities and two expansive four-bedroom maisonettes above. Currently generating an annual income of approximately £113,000, the property not only assures immediate revenue but also offers significant potential for enhancing rental yields and capital appreciation through strategic renovations.
The commercial unit is under a renewable lease at £42,500 per annum plus VAT, indicating room for future rental growth given that similar units in the vicinity are attracting higher rents. The residential portion includes two roomy maisonettes with potential for expansion into loft spaces pending planning consent, providing additional avenues to increase property value.
Located in a bustling area known for its independent cafés, restaurants, and local amenities, this property is perfectly positioned to benefit from high tenant demand and excellent transport links. It’s an opportunity for investors looking to create additional value while enjoying reliable passive income from day one.
