SoldElectricity Substation Investment For Sale - Winchmore Hill N21

Prospects for rental growth and future development potential

Substation Site,  Adjacent to 55 Radcliffe Road, Winchmore Hill, LONDON N21 2SD

Features

  • Affluent north London location
  • Current income £1,000 per annum exclusive
  • Next rent review 25th March 2019
  • Unquestionable covenant strength and certainty of income
  • Future development potential, subject to the necessary consents
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Location

Radcliffe Road is a quiet residential road extending west off Green Lanes (A105) Winchmore Hill, a short distance north of the junction with Station Road.

Green Lanes is a main bus route and Winchmore Hill Rail Station is a short walking distance to the south-west with frequent services to Moorgate (approximately 25 minutes travel time).

There are numerous local and multiple shopping facilities closeby, as well as a variety of restaurants and bars.

Site area 61.3 sq.m. / 659 sq.ft. / 0.02 acres) 

Site Area61.25 sq.m. / 659 sq.ft.
Building21.55 sq.m. / 231 sq.ft.

Description

Fully let electricity substation investment with prospects for rental growth and longer term development potential, subject to the necessary planning consents.

Terms

Freehold substation site subject to a 20 year lease to EDF Energy Networks (EPN) plc from 25th March 2009 with a passing rent of £1,000 per annum.

Service charge: N/A

Local authority: London Borough of Enfield


Property reference: 20209 Updated: 28 Apr 2015