High Road, London Offers in Excess of £2,400,000

MODERN RESIDENTIAL INVESTMENT FOR SALE. The property comprises six flats arranged on the first and second floor of a three-storey detached building. The flats have a separate communal access door to the front (High Road) with a single staircase which leads to both floors.
The property is situated approximately nine miles north of Central London and about one mile from Wood Green Town Centre which has a strong retail centre anchored by the Wood Green Shopping Centre and the High Road. The property is at the North end of High Road in a mixed commercial and residential position featuring local retail parades interspersed with residential property. Transport facilities are convenient with Bounds Green and Wood Green Underground Stations (Piccadilly Line) along with Bowes Park Overground Station.

The property is held on the residue of a 125 year Lease from 5 March 2004. The Lease stipulates a fixed peppercorn rent (if demanded). There is an annual service charge payable which as at the most recent payment was £3,179.00
Each flat has its dedicated parking space (6 parking spaces in total).
ACCOMMODATION:
Unit Floor Use  Gross Internal Area Approximate   
Sq Ft Sq M
Flat 1 First One Bedroom Flat 831 77.24
Flat 2 First One Bedroom Flat 535 49.69
Flat 3 First One Bedroom Flat 539 50.03
Flat 4 Second Two Bedroom Flat 831 77.24
Flat 5 Second One Bedroom Flat 535 49.69
Flat 6 Second One Bedroom Flat  539 50.03
TOTAL GIA 3,810 353.92

TENANCIES:
All flats are currently let on Assured Shorthold Tenancies (AST)
Unit Income
Per Calendar Month Per Annum End Date
Month
Flat 1 £1,370.00 £16,440.00 19/12/2020
Flat 2 £1,061.67 £12,740.00 30/04/2020 (month to month)
Flat 3 £1,126.67 £13,520.00 30/04/2020 (month to month)
Flat 4 £1,383.67 £16,604.00 14/11/2020
Flat 5 £1,235.00 £14,820.00 29/08/2020
Flat 6 £1,235.00 £14,820.00 11/08/2020
Total
Income £7,412.00 £88,944.00