This freehold mixed-use property presents an exciting opportunity for investors and developers looking to capitalize on a vibrant and growing location. Nestled in North London’s Holloway area, the property consists of a ground-floor commercial unit and a spacious residential maisonette spread across the first and second floors.
The ground floor is occupied by an established commercial tenant, providing a steady rental income of £19,000 per year. The retail space benefits from high visibility in a bustling area, ensuring consistent foot traffic and lease stability.
On the upper levels, the residential section is configured as a three-bedroom maisonette, currently generating £25,200 annually through an assured shorthold tenancy at £2,100 per month. Originally designed as a two-bedroom unit, there exists potential for reconfiguration to optimize living space or even create additional residential units (subject to planning permission). The layout boasts generous ceiling heights and bright interiors, along with access to a private roof terrace that enhances outdoor enjoyment.
Positioned in a highly sought-after neighborhood, this property benefits from proximity to local amenities such as shops, cafés, and supermarkets. Finsbury Park is within reach for those seeking green spaces for leisure activities. Commuters will appreciate the excellent transport links: Arsenal Underground Station is just a short walk away, providing access to the Piccadilly Line, while Finsbury Park Station connects to both the Victoria and Piccadilly Lines as well as National Rail services. Numerous bus routes further enhance connectivity to Central London.
For those interested in value-add opportunities, the property offers significant renovation and extension potential at the rear, following successful precedents on nearby buildings (subject to planning approval). A thorough refurbishment could also see an increase in both residential and commercial rental values.
This property stands out not only for its current income-generating capabilities but also for its long-term growth potential in an area that continues to evolve positively. Whether you are aiming to expand your investment portfolio or seeking a promising development project, this mixed-use asset provides distinct possibilities for future enhancement.
