Summary - Green Lanes, Palmers Green, N13 N13 4JG
6 bed 4 bath Commercial Property
Large high street property with income and redevelopment potential.
Prominent high street location 0.2 miles from Palmers Green station
Freehold mixed-use building with retail and six-bedroom flat above
Total internal area approximately 3,269 sqft across three floors
Large ground-floor Class E unit circa 1,481 sqft previously a bank
Six bed four bath residential space of about 1,788 sqft above
Very slow broadband speeds will need upgrading for modern tenants
High local crime rate may affect tenant perception and insurance
Small plot with no parking and limited expansion potential
This freehold commercial and residential building occupies a prominent high street position in Palmers Green, 0.2 miles from the station and close to frequent bus routes. The ground floor offers a large Class E retail unit of approximately 1,481 sqft, previously used as a bank, providing clear rental potential to an incoming trader or service occupier. Above are six bedrooms and four bathrooms arranged over three floors, totaling about 1,788 sqft of living space, suitable for a single letting, sharer tenancy, or conversion subject to planning.
The property totals 3,269 sqft and benefits from traditional Edwardian frontage with bay windows and good ceiling heights in parts, contributing to street presence and tenant appeal. The location on an active retail parade and proximity to diverse amenities and outstanding nearby primary schools supports steady footfall and demand for both retail and residential lets. Mobile signal is excellent, supporting modern business use.
Key investment considerations include short-term works and modernisation to maximise income. Broadband speeds are very slow which may deter some residential tenants and will require improvement. The surrounding area records high crime levels, which could affect tenant perceptions and insurance costs. The plot is small and there is no identified parking, so future expansion is limited.
Overall this is a clear freehold income or owner-occupier opportunity for investors seeking a mixed-use block with high street visibility and redevelopment upside. Factors such as broadband upgrade, fit-out costs for the commercial unit, and addressing local security perceptions should be factored into any purchase plan.
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