Sold

Highgate, London- Mixed Use Freehold Building in Affluent London Suburb

58-60A Highgate High Street, London, N6 5HX

Offers in excess of £4,250,000

Property Types:
Commercial, Development Opportunity
Sub Type:
Mixed-use
Tenure:
Freehold
Net Initial Yield:
4.14%

Income

£187,500 PA

Description

  • Grade II listed building located in the extremely affluent London suburb of Highgate
  • Mixed use building providing retail and office accommodation totalling 4,904 sq ft
  • Within easy reach of Highgate and Archway Underground Stations, near Highgate Yard
  • Producing a total income of £187,500 per annum
  • Freehold
  • Average unexpired term of 7.91 years to expiry (6.05 years to break)
  • Well-secured retail and office accommodation within the front building and the self-contained rear office offers development potential subject to consents. Potential to purchase a building of great historic significance
  • The vendor is seeking offers in excess of £4,250,000 (Four Million, Two Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. Based on this level of pricing, it reflects a net initial yield of 4.14% assuming standard purchasers’ costs.