For Sale

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
Tenure:
Freehold
Net Initial Yield:
5.00%

Income

£247,600 pa

Description

  • 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.
  • Freehold.
  • 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.