High-yield mixed-use freehold with development potential near Turnpike Lane station..
Freehold mixed-use building with street-front shop and two residential units
A rare entire freehold on Turnpike Lane offering immediate rental income and clear upside for development. The ground floor shop (approx. 60 sqm) is let on an FRI lease producing £23,000 pa; the rear ground-floor one-bedroom apartment and a larger three-bedroom split-level flat occupy the upper floors. The upper residential element is being sold with vacant possession (advised), creating flexibility for re-letting or refurbishment.
Total floorspace is about 2,195 sq ft across three storeys, with Victorian brick frontage and traditional arched windows giving period character. The property sits moments from Turnpike Lane Underground (Piccadilly Line), local buses and Hornsey BR station, surrounded by high-street retail and amenities — good connectivity for tenants or customers.
There is scope to develop further subject to planning, which will appeal to purchasers targeting added value. Note practical considerations: the building presents as a period terrace in need of some works and modernisation in places, and the area records very high crime and high deprivation indices, which can affect lettings and operating costs.
Practical sale notes: offered as a freehold at £800,000. Prospective buyers/tenants should allow for an administration fee of £1,000 for ID checks. Viewings are strictly by appointment only. Investigate lease documentation, current subletting arrangements and planning constraints before purchase.
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