Royal Vale House | 2 Norman Rd
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Royal Vale House 2 Norman Rd
16,000 SF Flex Building London N15 4ND $5,112,148 ($320/SF)
Executive Summary
Freehold investment opportunity guiding £4,000,000.
The site extends to approx. 0.27 acres and comprises a two-storey commercial building and yard. A prior approval has been granted (Ref: HGY/2024/2388 - Haringey Council) to convert the existing Use Class E building (currently used as recording studios) into 21 apartments.
The building is currently let to Pirate Studios Properties Limited.
• Passing rent is £242,455.50 per annum
• 5 yearly RPI-linked rent reviews
• Full repairing and insuring lease
• The lease expires in April 2040
• Mutual break option in June 2029
The site extends to approx. 0.27 acres and comprises a two-storey commercial building and yard. A prior approval has been granted (Ref: HGY/2024/2388 - Haringey Council) to convert the existing Use Class E building (currently used as recording studios) into 21 apartments.
The building is currently let to Pirate Studios Properties Limited.
• Passing rent is £242,455.50 per annum
• 5 yearly RPI-linked rent reviews
• Full repairing and insuring lease
• The lease expires in April 2040
• Mutual break option in June 2029
Property Facts
| Price | $5,112,148 | Lot Size | 0.41 AC |
| Price Per SF | $320 | Rentable Building Area | 16,000 SF |
| Sale Type | Investment | No. Stories | 2 |
| Tenure | Freehold | Year Built | 1930 |
| Property Type | Flex | Tenancy | Single |
| Property Subtype | Light Manufacturing | Parking Ratio | 0.43/1,000 SF |
| Building Class | C |
| Price | $5,112,148 |
| Price Per SF | $320 |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Lot Size | 0.41 AC |
| Rentable Building Area | 16,000 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Tenancy | Single |
| Parking Ratio | 0.43/1,000 SF |
Amenities
- Security System
Utilities
- Lighting - Fluorescent
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Royal Vale House | 2 Norman Rd
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