Summary - Northfield Avenue, W13 9RJ W13 9RJ
1 bed 1 bath Commercial Property
Victorian mixed-use freehold with income and STPP for an extra flat.
Freehold mixed-use investment with three tenanted units
A rare freehold mixed-use investment on Northfield Avenue, offered for the first time in 60 years. The property comprises three income-producing units – a long-standing barbershop to the ground-floor front, a studio flat to the ground-floor rear and a two-bedroom first-floor flat – producing a stated annual income of £48,120. The Victorian brick façade and central West London location give immediate curb appeal and strong rental demand.
The asset offers sensible value-add potential: scope to create an additional flat on the top floor or extend existing residential accommodation, subject to planning consent (STPP). That potential could materially increase rental yield and capital value for a buyer able to navigate local planning and investment paperwork. Tenancies are ASTs and tenants pay utilities, but turnover risk and re-letting costs should be factored into projections.
Practical positives include freehold tenure, fast broadband and excellent mobile signal, close proximity to Northfields Underground (Piccadilly Line) and a very affluent, low-crime local catchment with strong schools. The plot is small and the building is traditional in layout, so any development will be constrained by footprint and require approvals. Buyers should budget for typical maintenance on a Victorian mixed-use property and verify all statutory details before exchange.
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