Summary - High Road, Tottenham, London, N17 N17 6QN
1 bed 1 bath Not Specified
Freehold mixed-use investment on Tottenham High Road with £25,000 commercial income and development potential..
Commercial unit producing £25,000 per annum with two-year rent reviews
Freehold sale includes commercial unit and reversionary interest in two flats
Private rear garden and basement with potential for STPP development
Two flats on long leases (approx. 160 and 90 years) — not included as lettable assets
Property needs renovation; building shows Victorian fabric and repair requirements
Located in a very deprived area with very high crime — affects demand
Small plot size limits rear expansion without planning consent
Excellent mobile signal and fast broadband; well-connected High Road location
A freehold mixed-use building on Tottenham High Road offering an immediate income stream and longer-term upside. The ground-floor commercial unit produces £25,000 per annum with rent reviews every two years and benefits from a private rear garden and basement that may allow extension or reconfiguration subject to planning.
The incoming purchaser acquires the freehold, including the income-producing commercial unit and the reversionary interest in two long-lease flats above (approx. 160 and 90 years remaining). Both flats are held on leases with peppercorn ground rents and are not included as lettable assets in the sale; the main operational asset is the commercial tenancy.
This property will suit investors seeking a hands-on opportunity: stable current income, regular rent reviews, and potential for value-add through refurbishment or STPP development in the basement/garden. Be aware the building requires renovation work and the location is in a very deprived area with very high crime statistics, which will influence tenant demand and management requirements.
Practical strengths include excellent mobile signal, fast broadband, and strong local transport and amenities. Drawbacks to factor into valuation and exit strategy include the small plot size, need for renovation, and the surrounding area's socio-economic challenges.
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