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Property description

Development or investment potential for sale mix use commercial / residential block of flats with shop downstairs. A running laundry business with 2 x 3 bed flats generating rental income in North London, N3.
Development / investment potential to increase rental / re-sale value by making 4 bed flats (instead of 3 bed flats) to generate a higher renal income.
An amazing opportunity to purchase a running front shop laundry businesses. Great for anyone who wants to try entrepreneurship or someone with already a vast business experience or wants to expand an existing business.
The mix used block is off market and sold directly by the owner.
A newly designed High Street facing shop.
Comes with renewable lease. Currently at £42,000 (new lease will be capped at £50,000 per annum)
Ground Floor: Front shop with a lot of space at the back plus back yard.
1st Floor: self contained 3 Bed Flat with kitchen, living room and bathroom/WC. Current rent £1,700pcm but can be higher as per market rate (4 bed flat rate in the area is £3,200 pcm minimum). 
2nd Floor: self contained 3 Bed Flat with kitchen, living room and bathroom/WC. Current rent £1,700pcm but can be higher as per market rate (4 bed flat rate in the area is £3,200 pcm minimum). 
Shop on the ground floor can be run as it is or converted into 2 office spaces to generate higher rental income.
The total price is £195,000. The price includes all equipment.
For more information please replay to this advert or call the number to arrange a viewing.
*Picture is for illustration purposes only. Address is approximate to protect privacy of the business
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First listed

Over a month ago

Ballards Lane, London N3

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Tcl Estates & Management - North Finchley 366 Ballards Lane North Finchley, London N12 0EE Contact agent

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