1 bed flat for sale

The Roundway, London N17

Description

Mixed-Use Freehold Investment for Sale
Tottenham, London N17
Asking Price: £435,000
1,595 sq ft

A freehold mixed use investment opportunity comprising a ground floor commercial unit and a self contained one bedroom flat above, arranged over two floors with separate access to the residential accommodation.

The ground floor provides spacious open plan commercial premises with additional ancillary space and is currently let, while the first floor comprises a well sized one bedroom flat, also tenanted, offering an established income stream from both elements of the property.

The property is positioned on The Roundway in Tottenham, within the London Borough of Haringey, in a well populated North London area. The location benefits from a strong residential catchment, supporting ongoing demand for local retail uses as well as rental accommodation. The surrounding area is made up largely of established housing, local shops and everyday amenities, helping to provide a reliable trading environment for the commercial premises and steady demand for the residential flat.

The property is well connected, with Turnpike Lane Underground Station (Piccadilly Line) approximately one mile away, while White Hart Lane Overground Station is also nearby. Further transport links are available via Bruce Grove and Tottenham Hale, offering convenient access across London. The area is additionally served by regular bus routes and enjoys good road links to the A10 and North Circular (A406).

Accommodation
Ground Floor Commercial Unit: 1,055.94 sq ft / 98.10 sq m
First Floor Flat: 539.27 sq ft / 50.1 sq m

Tenancy Information
The ground floor commercial unit is let as a shisha business within Use Class E on a long lease running for 17 years from 20 July 2022, expiring in 2042, and currently produces £18,000 per annum, payable quarterly. The lease includes rent reviews every four years, with the next review due in July 2028.

The first floor flat is a self-contained one-bedroom apartment let on an AST at £1,300 pcm.

Total Income
Combined rental income of £33,600 per annum

Key Features

Freehold mixed-use investment
Ground floor commercial premises
Self contained one bedroom flat above
Both units currently let
Income producing asset
Total income of £33,600 per annum
Established North London location

Tenure: Freehold
Mixed Use