Large high‑street property with dual income potential near station.
- Freehold mixed-use: commercial ground floor plus six-bed flat above
- Total internal area 3,269 sqft across retail and residential
- Prominent high-street location, 0.2 miles from Palmers Green station
- Commercial unit 1,481 sqft, formerly a bank (Class E)
- Residential flat 1,788 sqft across three floors, six beds, four baths
- Area records higher crime levels; factor in security measures
- Very slow broadband speeds; upgrade likely needed for tenants
- Small plot and limited outside space; maintenance/ refurbishment likely
A substantial freehold investment on Green Lanes combining a large ground-floor commercial unit (Class E) and a six-bedroom flat above. The property spans 3,269 sqft in a prominent high-street position, 0.2 miles from Palmers Green station, offering straightforward tenant demand from passing trade and nearby commuters.
The mixed-use layout creates dual income streams: a 1,481 sqft commercial space previously used as a bank and a 1,788 sqft residential flat across three floors. Local amenities, cafes and supermarkets are immediately accessible, and several highly rated primary schools are within easy reach — an asset for long-term residential lettings to families.
Known issues and practical considerations are clear: the area records higher crime levels, broadband speeds are very slow, and the plot is small with limited outside space. EPC information for the flat appears incomplete; buyers should confirm current ratings and service condition. The building’s Edwardian character offers period appeal but may need ongoing maintenance and periodic refurbishment to maximise rental value.
This proposition will suit investors seeking a hands-on, centrally located mixed-use asset with immediate trading visibility. Budget for upgrades, tenant management and service-level improvements (broadband, energy efficiency) to unlock higher yields and wider tenant appeal.
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