£1,350,000

Block of flats for sale

  1. Property photo 1 of 7.
  2. Property photo 2 of 7.
  3. Property photo 3 of 7.
Just added

Offers over

£1,350,000

(£652.17/sq. ft)

Block of flats for sale

Haringey Park, London N8

2,070 sq. ft

Local area information

Property location

Nearby amenities

  • Kestrel House School (SEN) 0.1 miles
  • St Gildas' Catholic Junior School 0.2 miles
  • Crouch Hill 0.5 miles
  • Harringay 0.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guides for Crouch End, Hornsey and Stroud Green to find out more about the local area.

Features and description

An opportunity to acquire an attractive Victorian building located in the heart of Crouch End, North London.

The property is located just 0.2 miles from the centre of Crouch End and walking distance to both Harringay (Thameslink) and Crouch Hill (Overground) stations.

The building comprises a total of 8 self-contained apartments, 7 x studios and 1 x 1 bed, providing a total NIA of 2,070 sq ft.

The asset is let on an Fri lease to Independent Housing UK Limited, expiring October 2037 with a landlord option to extend by a further 5 years.

Independent Housing (UK) Limited (ihl) is a registered charity and a not for profit organisation, incepted in March 2007, their latest reported accounts posted a turnover of £9.3M. They benefit from a D&B rating of A1.

Income totals £99,962 per annum, the leases benefit from annual cpi-based rent reviews, capped at 4%.

The current rent reflects a low passing rent of £239 per week per unit, which is 10% lower than lha rates and well below open market rental values.

Freehold.
Proposal


Offers in Excess of £1,350,000 (One Million Three Hundred and Fifty Thousand Pounds) subject to contract, reflecting a Net Initial Yield of 7%, assuming standard purchasers costs of 5.8% and a low capital value of £652 psf.

Floor plans and tours

Floor plans (2)

2 floor plans available

View the floor plans to understand the space and layout of this property.

More information

Report this listing

Property descriptions and related information displayed on this page are marketing materials provided by - Estate Office. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Estate Office for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. London
  4. North London
  5. Crouch End
  6. Haringey Park