Initial Information for Interested Investor that will invest/JV in the Fantastic Opportunity.
Massive building arranged over ground, part first, part second and third floors. The ground floor is extremely deep and comprises retail sales area plus rear storage, mezzanine staff room area and a two-storey section to the far rear of the property fronting another street.
The shop is will be vacant by the end of this month.
The upper part is accessed via a door to the right of the shop front and comprises five self-contained flats as follows:
▪ 1 x 1 bed and 1 studio at first-floor level
▪ 1 x 2 bed and 1 studio at second-floor level
▪ 1 x 2 bed at third-floor level
All flats are currently let on Assured Shorthold Tenancies
Use permitted development right to change the use of the rear building to 2x1 bedroom flat residential, convert the mezzanine staff room into 1 bedroom flat and marge the two existing studio flats into 1 bedroom flat to be mortgageable.
▪ 6x1 bedroom flats
▪ 1x2 bedroom flat
▪ Reduced retail unit on the ground floor
So happy to announce that we have successfully secured a large mixed-use building in North Finchley. Currently consisting of 5 flats, land at rear and commercial units below.
The property is the prominent London location with diverse development opportunities. No time waster but VERY INTERESTED & KEEN investor that can move very quickly. The investor will be prequalified before sharing full detail of this opportunity.
See the below Proposal. GDV expected is £3.3 million.
We are about to launch the project so invitations to investors are now open. For those interested in investing or JV. We are happy to send you further details.
For an Investor, we are willing to offer 25% to 35% secured returned within 12 months.
For a JV partner, we are willing to offer a 50%/50% split share of projected equity for JV partner and I also keep the property ownership at the end.
A new company will be formed for the project.
Minimum entry £100k for an Investor.
PM or send an email to toyin[email protected] or call for a chat on 07889716462.