Green Lanes, London, N8 0RL

Property Description

Prime, Investment Property on Green Lanes Opposite the landmark Salisbury Pub.

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We are delighted to present a ground floor investment opportunity situated in a prime location on Green Lanes, almost directly opposite the junction with St Ann's Road. This bustling area is celebrated for its vibrant mix of local coffee shops and restaurants, providing a lively backdrop and steady foot traffic beneficial for any business.

The property has been impressively modernised to meet contemporary standards and is currently leased to a well-established barber shop. The current lease brings in an annual income of £21,000, with four years remaining and provision for 5-yearly reviews to align with market conditions.

Regarding expenses, the property has a rateable value of £14,750 as determined by Gov.uk, which is utilised to calculate the business rates bill. Potential investors are advised to contact the Local Authority for detailed information on rates calculations and potential discounts.

The investment is offered on a leasehold basis, with a new 125-year lease and a peppercorn ground rent.

This property represents a robust investment opportunity with a secure income stream, a desirable location, and significant potential for capital growth.