Summary - Flat C, 81 Parkhurst Road N7 0LP
4 bed 3 bath Block of Apartments
Prime Nag’s Head freehold producing c.£100k pa — ready income, period character.
Freehold mixed-use building with commercial unit and three flats
A substantial freehold mixed-use building in the Nag’s Head, Islington, offering immediate rental income and long-term upside. The property comprises a ground-floor commercial unit plus three self-contained flats, all fully let and producing a combined rental income of approximately £100,000 per annum. Layouts are practical and well maintained, with contemporary kitchens, tiled bathrooms, double glazing and gas central heating throughout.
The ground-floor commercial unit (c.391 sq ft) is currently fitted out as a hairdressing salon with glazed frontage. The three residential units include a ground-floor one-bedroom garden flat (c.517 sq ft) with direct courtyard access and vehicle parking potential, a first-floor two-bedroom apartment (c.564 sq ft), and a large two-bedroom duplex across the upper floors (c.831 sq ft) with en suite and eaves storage. The building totals c.2,302 sq ft and sits at the end of a Victorian terrace near local shops and transport.
This investment suits a buyer seeking immediate cashflow on a prime Nag’s Head parade, with well-presented units that minimise short-term capex. Tenancies are ASTs for the flats and a long lease for the commercial unit; purchasers should review lease terms, notice periods and any service or repair obligations. Broadband speeds are average and the area records above-average crime and high deprivation indices—factors that may affect tenant turnover and insurer/premia costs.
Practical benefits include off-street parking potential in the rear courtyard, accessible transport links (Holloway Road tube ~0.5 miles), excellent mobile signal and a wide range of nearby amenities. The building’s solid condition and period character make it straightforward to manage as a hands-off income asset, while selective refurbishment or management changes could lift rents and capital value over time.
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