PLANNING PERMISSION GRANTED FOR A 16 BEDROOM HMO ( HOUSE OF MULTIPLE OCCUPANCY )
WITH PROJECTED RENTAL GAINS OF UPTO £150,000 PER ANNUM.
TWO HUGE FOUR STOREY VICTORIAN SEMI-DETACTHED PROPERTIES SET ON A CORNER PLOT.
EXCELLENT LOCATION ON STATION ROAD IN NEW BARNET.
WITH OVER 4600 SQ FT EXISITING WITH POTENTIAL TO INCREASE SIGNIFICANTLY.
ESTIMATED CONVERSION COST £350,000.
6.5 % RENTAL YIELD WITH A STEADY 5% MARKET APPRECIATION.
ALSO OFFERS HUGE POTENTIAL FOR A FLAT SCHEME SUBJECT TO PLANNING PERMISSION.
Standing on a large corner plot, these impressive period properties maintain a wealth of period style features which include 10ft high ceilings, fireplaces, a combination of sash and double glazed windows, gas central heating systems and an abundance of storage cupboards. Externally, there is off street parking for numerous vehicles and southerly facing rear gardens. Major road access is excellent with the M25 and A1(M) motorways being just a short motoring distance away. The properties are also well served with a number of highly regarded local schools for all ages. The total floor area of both properties is approximately 4703 sqft (436 sqm) and the entire plot has a perimeter of 401ft (0.17 of an acre).
The properties are situated in Station Road (A110) close to its junction with Mowbray Road and is therefore ideally positioned for access to local shops, the multiple shopping facilities at Barnet town centre and a wide range of restaurants and cafes. Ideally located for the commuter, with both New Barnet (Mainline) station and High Barnet (Northern Line) underground station, within easy reach. The area is also served with numerous bus routes.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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