Summary - 774, FINCHLEY ROAD NW11 7TH
1 bed 1 bath Retail Property (high street)
Income-producing high street asset with conversion upside and parking rights.
Freehold mixed‑use property on Finchley Road parade
A rare mixed-use freehold on Finchley Road, this Edwardian high‑street building produces immediate income from a long‑standing café lease and an assured shorthold residential tenancy. The shop benefits from street-facing glazing, a fitted ground floor with basement kitchen and seating, and a fold‑back frontage that supports good passing trade. The freehold and long lease provide a straightforward investment structure and scope for rental growth.
The upper duplex residential element currently provides one let flat but offers clear scope, subject to planning, to be reconfigured into two self‑contained flats or potential HMOs — a practical route to increase rental income. There is right of parking at the rear, and the property sits close to transport links, shops and local amenities on a busy, well‑traded parade.
Buyers should note material issues: the commercial lease includes a full repairing and insuring obligation, and the June 2023 rent review remains outstanding; the residential flat appears under‑rented. The building has maintenance and roof potential that will require investment, and the narrow frontage and small plot limit expansion possibilities. Local crime statistics are high, which may affect tenant demand and insurance costs.
This lot suits investors or owner‑occupiers seeking an income stream with short‑term management and medium‑term value‑add potential through refurbishment or change of use (STP). Valuation sensitivity lies in resolving the rent review, addressing maintenance needs, and securing planning for residential subdivision if that strategy is pursued.
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