Studio for sale

Azure House, 5 Brook Road N8

Description

New to Market | Manhattan Style Studio Apartment | Buy With Tenant or With Vacant Possession | Guide Price £350,000

A well-presented studio apartment in Hornsey's sought-after Clarendon development (N8). Offered with flexibility: Complete with the existing tenant for immediate income, or with vacant possession for buyers looking to move in themselves.
Buyers Options:
With the tenant in place - £1,575pcm (approx. £18,888 per annum), a 5.4% gross yield at asking price. Income from day one, with no void period and no re-letting costs.
With vacant possession - vacant possession can be arranged subject to the terms of the existing tenancy and the required notice period, making this an equally strong option for first-time buyers or those seeking a London base.

Key Features:
Lease :990-years
Layout: Open-plan kitchen/reception, separate sleeping area with sliding doors and built-in wardrobe, modern bathroom
Outdoor space: Private balcony with views of Alexandra Palace
Size: 428 sq ft (39.8 sq m) approx.
Building: 3rd floor of Azure House, 24-hour concierge, residents' gym, swimming pool, sauna, steam room, private lounge and dining room
Location: Zone 3,14 minutes by train to King's Cross St Pancras (Alexandra Park Station), close to local high streets and restaurants

Ground rent: £320 per year
Service charge: Approx. £2,100 per year
Rental income (if retained): £1,574 pcm

Suitable for investors seeking long-term, hassle-free income, and equally for first-time buyers or owner-occupiers. Viewings strictly by appointment and arranged around the tenant's schedule. Early interest advised.