Enfield – Mixed Use Investment 61% Let to Santander PLC and Six Flats let on ASTs
1, 3 & 5 Church Street, and Flats 1-6 Burleigh Way, Enfield EN2 6AB
Offers in excess of £4,647,000
- Property Types:
- Commercial, Mixed, Residential
- Sub Types:
- Retail, Multiple Flats
- Net Initial Yield:
- Mixed use investment.
- Located in an affluent Greater London suburb 12.5 miles north of central London.
- Retail unit let to Santander UK plc (5A1) for an unexpired term of 14.5 years (no break options) with 6 flats (4 x 3 bedroom and 2 x 2 bedroom) let on AST’s.
- All flats recently refurbished.
- Situated on a prime pitch between Enfield Town and Enfield Chase Stations.
- Current Income £247,600 p.a.
- We are instructed to seek offers in excess of £4,647,000 subject to contract and VAT.
- A purchase at this level would reflect a net initial yield of 5.00%, allowing for standard purchaser’s costs.