17 bed block of flats for sale

1A Petherton Road, Highbury, London N5

For sale by auction 12/09/2024 £3,250,000 plus

freehold residential investment comprising 17 flats & 2 laundry rooms producing £235,000 per annum.

Location & Description
A semi detached property comprising 17 flats, two laundry rooms and one boiler room. Situated on Petherton Road, oppersite Canonbury overground station. Also, within a mile to both Highbury & Islington underground station (Victoria Line) and Dalston Junction overground station giving easy access to most parts of central London.

Accommodation
Basement Area: 7 x Studio flats, 2 x one Bedroom Flats, one laundry room and boiler room.
Ground Floor Area: 3 x one Bedroom Flats (one of which has a small balcony) and one laundry room. Bin Storage & front garden.
First Floor Area: 3 x one Bedroom Flats (one of which has a small balcony)
Second Floor: 1 x Studio flat, 1 x one Bedroom Flat.

Tenancy Details
Flat 1: Let on a 6 month AST from 01.06.2024.
Flat 2: Let on a 6 month AST from 01.06.2024.
Flat 3: Let on a 6 month AST from 01.05.2024.
Flat 4: Let on a 6 month AST from 01.06.2024.
Flat 5: Let on a 6 month AST from 01.06.2024.
Flat 6: Let on a 6 month AST from 01.06.2024.
Flat 7: Let on a 6 month AST from 01.06.2024.
Flat 8: Let on a 6 month AST from 01.06.2024.
Flat 9: Let on a 6 month AST from 01.06.2024.
Flat 10: Let on a 12 month AST from 01.06.2024.
Flat 11: Let on a 6 month AST from 01.06.2024.
Flat 12: Let on a 6 month AST from 01.06.2024.
Flat 13: Let on a 6 month AST from 01.05.2024.
Flat 14: Let on a 6 month AST from 01.06.2024.
Flat 15: Let on a 12 month AST from 07.03.2024.
Flat 16: Let on a 6 month AST from 01.06.2024 .
Flat 17: Let on a 6 month AST from 09.06.2024.

* Please note that all apartments have shower rooms and some of them are en-suite *

Note
Auction Surveyor: Michael Mercer
Contact:

Equivalent to £235,000 p.a.

In the vendors opinion, achievable rental return is £273,000 p.a

EPC Rating
All 17 apartments have an EPC Rating of C