Restaurant for sale

Green Lanes, London N13

Investment Opportunity – Prominent Mixed-Use Freehold For Sale.

The building generates an annual rent of £43,000 per annum, reflecting an attractive gross yield of almost 8% with prospective asset management prospects.

Location
The property is prominently located on busy Green Lanes, benefiting from strong footfall, excellent local amenities, and nearby major retailers.

Description
Investment Opportunity – Prominent Mixed-Use Property on Green Lanes

The property occupies a highly prominent position on busy Green Lanes, benefiting from strong footfall, excellent local amenities, and close proximity to established national and independent retailers.

Commercial Unit
The ground floor comprises a substantial retail unit extending to approximately 822 sq ft, currently trading successfully as a café. The accommodation includes a fully fitted kitchen, food preparation area, generous customer seating, a storage room, and customer/staff WC facilities.

The unit is let at a passing rent of £25,000 per annum and benefits from Class E use, offering flexibility for a wide range of alternative uses (subject to the necessary consents), including cafés, restaurants, takeaways, grocers, beauty salons, and similar occupiers.

Residential Accommodation
The two flats above the retail unit have been sold off on long leaseholds and do not form part of the income stream.

To the rear of the property is a recently refurbished Two-bedroom with Kitchen Diner residential property measuring approximately 562 sq ft. The cottage is currently let and produces an annual income of £18,000 per annum.

Investment Summary

Prominent high-footfall location

Ground floor commercial unit let at £25,000 pa

Additional residential income of £18,000 pa

Flexible Class E use

Attractive mixed-use income profile

This opportunity is well suited to local and regional investors seeking a stable income-producing asset with future potential.

Terms
Subject to contract.

Legal costs
Each party to pay their own.

Viewing
Viewings are strictly by appointment only.