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67 Lawrence Rd - The Vabel Lawrence
524 - 1,332 SF Retail Condo Units Offered at $255,607 - $658,189 Per Unit in London N15 4EY
Investment Highlights
- High footfall.
- Contemporary new build.
- Seven Sisters tube is walking distance away.
Executive Summary
The Vabel Lawrence is situated on Lawrence Road, a broad tree-lined avenue within the lively and culturally diverse neighbourhood of Seven Sisters. Downhills Park is a short stroll away. The nearby Bernie Grant Arts Centre features an arthouse cinema, dance and theatre auditorium. And the rest of London couldn’t be closer, with Seven Sisters tube station, on the Victoria line zipping you from North to central in a matter of minutes.
Property Facts
| Price | $255,607 - $658,189 | Building Class | A |
| Unit Size | 524 - 1,332 SF | Floors | 6 |
| No. Units | 4 | Typical Floor Size | 4,000 SF |
| Total Building Size | 24,000 SF | Year Built | 2023 |
| Property Type | Multifamily | Lot Size | 0.43 AC |
| Property Subtype | Apartment |
| Price | $255,607 - $658,189 |
| Unit Size | 524 - 1,332 SF |
| No. Units | 4 |
| Total Building Size | 24,000 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 6 |
| Typical Floor Size | 4,000 SF |
| Year Built | 2023 |
| Lot Size | 0.43 AC |
4 Units Available
Unit C
| Unit Size | 535 SF | Condo Use | Retail |
| Price | $255,607 | Sale Type | Investment |
| Price Per SF | $477.77 | Tenure | Long Leasehold |
| Unit Size | 535 SF |
| Price | $255,607 |
| Price Per SF | $477.77 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
Description
The unit boasts double glazed frontage, generous ceiling heights of 11.2 ft, and falls under Use Class E, enhancing its appeal and functionality. The versatility of these units allows for the possibility of combining them to create larger spaces ranging from 507 to 3,693 ft2. This flexibility makes it well-suited for a diverse range of occupants, including personal trainers, retail establishments, offices, and medical facilities.
Sale Notes
Prime investment opportunity to acquire the virtual freehold of new build commercial units.
Unit F
| Unit Size | 524 SF | Condo Use | Retail |
| Price | $255,607 | Sale Type | Investment |
| Price Per SF | $487.80 | Tenure | Long Leasehold |
| Unit Size | 524 SF |
| Price | $255,607 |
| Price Per SF | $487.80 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
Description
The unit boasts double glazed frontage, generous ceiling heights of 11.2 ft, and falls under Use Class E, enhancing its appeal and functionality. The versatility of these units allows for the possibility of combining them to create larger spaces ranging from 507 to 3,693 ft2. This flexibility makes it well-suited for a diverse range of occupants, including personal trainers, retail establishments, offices, and medical facilities.
Sale Notes
Prime investment opportunity to acquire the virtual freehold of new build commercial units.
Unit D&E
| Unit Size | 1,332 SF | Condo Use | Retail |
| Price | $658,189 | Sale Type | Investment |
| Price Per SF | $494.14 | Tenure | Long Leasehold |
| Unit Size | 1,332 SF |
| Price | $658,189 |
| Price Per SF | $494.14 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
Description
These units are part of a newly constructed mixed use development.
Unit D and E are let to a cafe operator, covering a total area of 1,332 ft2. The property has been let for a term of 10 years from 18/06/2024 on a Full Repairing and Insuring lease, outside the Landlord & Tenant Act. There are no break options included for either the landlord or tenant.
The passing rent is £38,000 per annum where there is an upward only open market review at the 5th anniversary.
This property is a virtual freehold which has a peppercorn ground rent.
Sale Notes
Retail Investment Let To Cafe Operator.
Unit A&B
| Unit Size | 1,302 SF | Condo Use | Retail |
| Price | $607,068 | Sale Type | Investment |
| Price Per SF | $466.26 | Tenure | Long Leasehold |
| Unit Size | 1,302 SF |
| Price | $607,068 |
| Price Per SF | $466.26 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
Description
These units are part of a newly constructed mixed use development.
Unit A and B are let to an established nursery occupier, covering a total area of 1,302 ft2. The property has been let for a term of 10 years from 18/06/2024 on a Full Repairing and Insuring lease, outside the Landlord & Tenant Act. There are no break options included for either the landlord or tenant.
The passing rent is £35,000 per annum where there is an upward only open market review at the 5th anniversary.
This property is a virtual freehold which has a peppercorn ground rent.
Sale Notes
Retail Investment Let To Established Nursery.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 412 - 603 |
| 2+2 | 29 | - | 647 - 908 |
| 3+3 | 4 | - | 934 - 1,184 |
Amenities
Unit Amenities
- Balcony
- Kitchen
- Walk-In Closets
- Garden
- Island Kitchen
- Office
Site Amenities
- 24 Hour Access
-
Cormac Sears -
Ethan Shine -
Forest Real Estate
Presented by
67 Lawrence Rd - The Vabel Lawrence
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