High Street, High Barnet EN5

This property presents a compelling investment opportunity, featuring both residential and commercial components, along with additional land that holds future development potential. The property includes two residential flats: a spacious two-bedroom unit measuring approximately 700 square feet with a generous private balcony and allocated parking, currently let at £1,350 per month. Additionally, there is a one-bedroom flat of about 685 square feet, also benefiting from its own balcony and parking space, generating a monthly rental income of £1,250. Both flats are securely rented under assured shorthold tenancies (AST), providing immediate cash flow. Beyond the residential units, the freehold includes ten residential flats and three commercial spaces. These units come with dedicated parking and are subject to a ground rent structure that escalates over time—starting at £100 per annum for the initial 25 years. The commercial units are secured under peppercorn rent terms for their extended lease of 999 years. At the rear of the property lies an undeveloped parcel of land that previously had planning permission for six self-contained office units. While this permission has since lapsed, it signals the land's capability for future development projects—given the appropriate approvals could be obtained again. Located in Barnet, this area benefits from strong demand for both residential and commercial properties. This multifaceted investment not only offers current rental income but also provides significant potential for value enhancement through strategic renovations or redevelopment in alignment with local planning policies.