Vacant lock‑up shop with flat above — compact freehold investment near two stations.
Freehold mixed‑use building: shop with flat above
This freehold mixed‑use property on Church Hill Road offers a clear income and redevelopment opportunity in Barnet’s busy high street. The ground floor is a vacant lock‑up shop that previously traded as a Chinese restaurant (historic A1 use) and provides a blank canvas for a new retail, takeaway, or alternative commercial use subject to consents. The self‑contained flat above is accessed internally from the shop, allowing immediate rental or owner occupation while retaining a single freehold asset.
At an asking price of £400,000 and with an indicative combined rental figure of about £2,500 PCM, the site presents attractive yield potential for investors or small developers. The property is compact (approx. 704 sq ft) and long in plan, which keeps acquisition and running costs lower than larger town‑centre units. Transport links are strong — New Barnet and Oakleigh Park stations are within walking distance — supporting steady footfall and tenant demand.
The building is dated and will require refurbishment to reach modern trading standards: the shop interior shows worn finishes, tiled takeaway fittings and a low drop ceiling, while the flat and general fabric likely need upgrading. There is no private garden and external space is limited to a small rear courtyard. Crime levels in the area are above average, which may influence operating costs and insurance. Prospective buyers should factor renovation and potential planning or licensing requirements into their offer.
Internal viewing is recommended to assess layout, refurbishment scope and alternative uses. For buyers seeking a compact, freehold mixed‑use asset with immediate letting or conversion potential in a well connected high‑street location, this property represents a pragmatic investment with clear upside after works.
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