Freehold block of apartments comprising 8 units, with 5 sold off on long leases and 3 retained within the freehold
Property sold with 3 tenants in situ, producing £28,800pax
Block is ideally located within the popular suburb of Hendon in the borough of Barnet
Opportunity had a number of asset management opportunities for the purchaser, which included lease extension premiums, roof space redevelopment and land to rear of the site having development potential
A sale was arranged off market for a price of £955,000 for the freehold interest with the benefit of the existing tenancies and potential
