., London N16

Property Details: - Type: House - Bedrooms: 3 - Bathrooms: 1

Agent: Hills Estate - Ilford Phone: 020 7768 7863

Property on Green Lanes – Strong Investment & Future Potential<br/><br/>Located along the vibrant and highly sought-after Green Lanes, this impressive freehold building offers an excellent opportunity to acquire a mixed-use property with both immediate income and future upside.<br/><br/>The ground floor comprises a well-positioned restaurant/takeaway unit, benefiting from strong footfall and visibility in this busy commercial parade. The unit is currently let, with the lease running until September, providing short-term income while also offering flexibility for a new lease, rental uplift, or alternative plans thereafter (subject to consents).<br/><br/>Above, the property features a spacious and well-proportioned three-bedroom flat, currently vacant, making it ideal for immediate letting or owner occupation. The residential accommodation offers generous living space, good natural light, and strong rental demand in the area, presenting an excellent opportunity to maximise returns.<br/><br/>This freehold asset is well suited to investors seeking a blend of commercial and residential income, as well as owner-occupiers or developers looking to add value over time. With its prime location, mixed-use setup, and vacant possession upstairs, the property offers flexibility, income potential, and long-term growth prospects<br/><br/>Location Highlights:<br/>Situated on Green Lanes (N16 9BX), the property benefits from a vibrant and well-established parade of independent retailers, cafés, restaurants, and local amenities. The area is highly regarded for its strong footfall, diverse community, and continued demand from both commercial and residential occupiers. Excellent transport links are available nearby, with easy access to Harringay, Stoke Newington, and Manor House, providing convenient connections into Central London and beyond.<br/><br/>Key Features:<br/><br/>Mixed-use freehold investment<br/><br/>Ground-floor commercial unit<br/><br/>Current income: £22,000 per annum<br/><br/>Reversionary potential up to £30,000 per annum<br/><br/>Tenant due to lease renewal<br/><br/>Vacant three-bedroom flat above<br/><br/>Prime Green Lanes location<br/><br/>Strong rental and capital growth prospects<br/><br/>Guide Price: £1,200,000<br/>Buyers’ fees apply<br/><br/>Early viewing is highly recommended to appreciate the full potential of this versatile investment.