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176 Blackstock Rd

2,146 SF 100% Leased Retail Building London N5 1HA $1,482,523 ($691/SF) 1.34% Cap Rate

Investment Highlights

  • Prime location
  • Mixed use investment
  • Great transport links

Executive Summary

This mixed used building is comprised of an E Class unit on the ground floor, a basement studio with garden and a 3 bedroom maisonette over the upper floors.
The maisonette is accessed via a shared communal entrance on the ground floor and a private stairway leading to the dine-in kitchen and bathroom on the raised ground floor. The first floor is occupied by the living room and first bedroom. The second floor has two further bedrooms and access to the loft (not inspected). The maisonette is in fair condition but in need of modernisation.
The basement studio is a newer addition to the building with modern fixtures and fittings, bathroom and sole use of the garden.
The commercial unit occupies the ground floor only. The commercial unit features the main gallery floor, a small office/ commercial kitchen at the rear, and a WC.
Full Repairing and Insuring Lease for a term of 10 years outside of the Landlord and Tenant Act 1954, commenced in Nov 2022 subject to 5 yearly rent reviews. Passing rent £15,500 per annum.

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
2,146 SF
Building Class
B
Year Built
1922
Price
$1,482,523
Price Per SF
$691
Cap Rate
1.34%
NOI
$19,810
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.64
Land Acres
0.03 AC
Frontage
16 FT on Blackstock Road

Amenities

  • Automatic Blinds

Nearby Major Retailers

Londis
Sainsbury's
Starbucks
Pret A Manger
Santander
HSBC
Lidl
Nisa
Costa Coffee
Nando's
  • Listing ID: 33786435

  • Date on Market: 11/7/2024

  • Last Updated:

  • Address: 176 Blackstock Rd, London N5 1HA

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