An opportunity to acquire an income producing residential block, arranged as 7 self-contained flats.
Situated within a 9-minute walk to Crouch Hill Station (Suffragette Line) and within a 14 minute walk to Harringay Train Station (Great Northern Line).
Arranged as 2 x 3 beds, 3 x 2 beds and 2 x 1 beds.
Total NIA of 4,682 sq ft.
The flats are currently let and producing a rental income of £168,035 per annum.
Breakup value of £3,800,000.
Freehold.
PROPOSAL
Guide Price £2,750,000 (Two Million Seven Hundred and Fifty Thousand Pounds) subject to contract. A purchase at this level would reflect a low capital value of £587 psf and 28% discount to breakup value.
