Property photos
Just added
Guide price
£2,850,000
(£774.67/sq. ft)
Block of flats for sale
Avenue Road, London N63,679 sq. ft
Local area information
Property location
Nearby amenities
- Coleridge Primary School 0.2 miles
- Whitehall Park School 0.3 miles
- Crouch Hill 0.7 miles
- Highgate 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, Upper Holloway and Hornsey to find out more about the local area.
Features and description
Ideally located on a tree lined residential road, 0.7 miles (15-minute walk) to Crouch Hill Overground Station and 0.9 miles (16-minute walk) to Highgate Underground (Northern
Line) Station.
The building is a detached double fronted period property arranged over lower ground, ground and two upper floors with a large share d garden.
Comprises 15 fully self-contained flats - 12 x studios and 3 x 1-bedroom flats with a total NIA of 3,679 sq ft.
The building 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 £210,908.47 per annum, the leases benefit from annual cpi-based rent reviews, capped at 4%.
The current rent reflects a low passing rent of £270 per week per unit, which is 19% lower than lha rates and significantly below open market rental values.
Freehold.
Proposal
We are instructed to seek £2,850,000 (Two Million Eight Hundred and Fifty Thousand Pounds) subject to contract. This equates to a Net Initial Yield of 7% and a capital value of £774 per sq ft.
Line) Station.
The building is a detached double fronted period property arranged over lower ground, ground and two upper floors with a large share d garden.
Comprises 15 fully self-contained flats - 12 x studios and 3 x 1-bedroom flats with a total NIA of 3,679 sq ft.
The building 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 £210,908.47 per annum, the leases benefit from annual cpi-based rent reviews, capped at 4%.
The current rent reflects a low passing rent of £270 per week per unit, which is 19% lower than lha rates and significantly below open market rental values.
Freehold.
Proposal
We are instructed to seek £2,850,000 (Two Million Eight Hundred and Fifty Thousand Pounds) subject to contract. This equates to a Net Initial Yield of 7% and a capital value of £774 per sq ft.
More information
Listed by
Estate Office
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