LOT 25 - London

24 Adolphus Road, Finsbury Park, London, N4 2AZ

INVESTMENT - Freehold Semi Detached Building arranged as Eight Flats with Planning Permisison

Sale Price

£1,740,000

Gross Initial Yield 6%Residential - 17th Dec 2020
Key Features
  • Comprising Two Self Contained Flats (One x 1 Bedroom & One x 2 Bedroom) and Six Studios
  • Fully Let. Each Flat subject to an Assured Shorthold Tenancy
  • Total GIA approximately 269 sq m (2,895 sq ft)
  • With Planning Permission for side/rear extension to provide additional accommodation for the existing flats
  • Same Ownership for approximately 20 years
  • Virtual Tour of each Flat Available Below
  • 8 Week Completion Period

Total Current Rent Reserved
£90,000 p.a.
Tenure

Freehold


Location
  • The property is situated on the south side of Adolphus Road to the south of its junction with Alexandra Grove
  • Local shops and amenities are available along Seven Sisters Road with Highbury and Crouch End both being within reach
  • Within walking distance of Finsbury Park station (Victoria and Piccadilly Underground lines and Network Rail)
  • Seven Sisters Road (A503) is easily accessible
  • Finsbury Park is a short walk to the north
Additional Information
  • The seller confirms the property has been arranged in its present configuration for approximately 20 years.
Planning
The Six Studio's were previously subject to an HMO Licence which has now expired. We understand the seller has applied to renew the licence. A copy of the old licence is available within the legal documentation.

The property benefits from Planning Permission for 'a side extension at rear, first and second floors in accordance with the terms of the application, Ref 2018/0584, dated 12 February 2018, and the plans submitted with it'
Appeal Reference: APP/U5360/W/18/3216028
Decision date: 30th April 2019

Local Authority: Hackney Council
Email: planningsupport@haringey.gov.uk
Website: www.haringey.gov.uk
Virtual Tour
Click here to view
Viewings

Due to Government Guidelines we will try to accommodate all viewing requests however, in the first instance, prospective purchasers are advised to view the virtual tours and internal images before requesting a viewing. At any viewing we arrange all viewers will be required to attend promptly at their allocated time and ensure a face covering and gloves are worn. Please follow social distancing measures at all times. If you are showing any Coronavirus symptoms you will not be allowed to view the property. To view the property please email tom.wright@allsop.co.uk

Additional Charges
  • Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.
Contacts
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