2 bed property for sale

Westbury Avenue, London N22

Located in the desirable area of Westbury Avenue, London, this charming mixed use property presents an excellent opportunity for both investors and homeowners alike. Spanning an impressive 861 square feet, the property features two well-proportioned bedrooms and a welcoming reception room, perfect for relaxation and entertaining.

The asking price for the freehold of 40 Westbury Avenue, N22 6RS, is set at £890,000. This property not only offers a comfortable living space but also comes with a lucrative investment aspect. The ground floor is currently let on a secure 10-year lease, which commenced on 23rd June 2017, with rent reviews every three years. The current annual rent stands at £16,600, with the next review scheduled for June 2026.

Moreover, the current tenants are actively marketing their business, which includes an option for a new 10-year lease with the rent increasing to £21,000 per annum. This presents a promising opportunity for potential buyers looking to benefit from a steady rental income. Additionally, the tenants also rent the back of the property, further enhancing the income potential.

This property is ideally situated, offering easy access to local amenities and transport links, making it a convenient choice for those who wish to enjoy the vibrant lifestyle that London has to offer. Whether you are looking to invest or seeking a new home, 40 Westbury Avenue is a property that merits your attention.