Freehold mixed-use lot with income and development upside in affluent town centre.
- Freehold sale including flats, 10 units and 3 commercial units
- Immediate rental income from 1x2-bed and 1x1-bed AST lets
- Large rear parcel with lapsed permission for six offices
- Total area approximately 5,240 sq ft; very large overall plot
- Off-street parking and allocated spaces for several units
- Broadband speeds very slow; excellent mobile signal
- Crime level above average — consider security and management
- Ground rent starts £100; escalating over lease term
This substantial freehold offering on High Street, High Barnet combines income-producing property with a large rear parcel of land suited to development, subject to planning. The lot includes two let residential flats, ten further residential units and three commercial units — a mix that delivers immediate rental income and medium-term redevelopment potential.
The existing residential flats are let on assured shorthold tenancies, offering steady cashflow, while the 10 residential units and 3 commercial units sit on long leases with low initial ground rent and a quarterly service charge. The rear land previously had planning permission for six self-contained offices; that permission has lapsed and would need to be reapplied for or redesigned to realise development value.
Practical points: the plot is large with off-street parking and freehold title. Broadband is very slow despite excellent mobile signal. The area is very affluent with highly qualified professionals nearby, but local crime is above average – factor security and management into operating costs.
This opportunity suits an investor or small developer comfortable with managing tenanted stock and navigating planning for the rear parcel. It offers immediate rental income and clear scope for value uplift if planning consent for the land can be secured or alternative schemes proposed.