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£1,050,000
Bedrooms
Bathrooms
Knights are delighted to present to the market this exceptionally rare opportunity to acquire a magnificent freehold building.Situated prominently on the vibrant stretch of Green Lanes, this imposing property comprises a substantial ground floor commercial unit measuring approximately 140 sq m, along with two self-contained flats occupying the first and second floors. This is an ideal investment for developers or portfolio builders alike. The building offers scope for further development, with the rear section of the commercial unit offering potential for conversion into an additional dwelling (subject to planning), thanks to its valuable rear access passage. Whether retained as a mixed-use income generator, reconfigured for further residential use, or redeveloped entirely, the possibilities here are substantial.
Location & Connectivity
Positioned in the heart of Palmers Green, this property benefits from excellent transport links:
Palmers Green Station is just a 5-minute walk away, providing direct rail access to Finsbury Park, Highbury & Islington, and London Kings Cross.
Numerous bus routes serve the area including the 329, N29, W6 and more, offering seamless travel across North and Central London.
Quick access to the North Circular Road (A406) makes it ideal for commuters and businesses needing to travel across the capital with ease.
This is a prime acquisition for anyone looking to capitalise on a high-demand area with excellent amenities, transport links, and strong long-term growth potential.
Viewings are highly recommended to appreciate the full scale and opportunity of this unique offering.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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