50 Bulwer Road & 2 Cromer Road, Barnet, London, EN5 5JB

The property comprises a high yielding, mixed-use, investment opportunity let to three separate tenants. Arranged as a ground floor retail unit with a maisonette to the upper parts and further residential unit to the rear, the property is fully let to three tenants producing £47,940 per annum. The ground floor comprises a retail unit and is let to a private individual trading as Anna's Hair Salon on a lease expiring 12/03/2034 and paying £10,500 per annum. The first and second floors comprise a single 3 bed maisonette which is let to a private individual on an Assured Shorthold Tenancy (AST) which expired 06/12/2024 (tenant currently holding over) and paying £21,840 per annum. 2 Cromer Road is a further residential unit to the rear of the property and accessed from Cromer Road. The unit is let to a private individual on an AST expiring 25/01/2026 and paying £15,600 per annum. We consider the property may have asset management potential via renewal of the tenancy to the upper parts, there may also be opportunities to sub divide to provide additional units (subject to the existing leases and any requisite consents). The property is situated in an established mixed-use area with the retail accommodation forming part of the principal local retail amenity.