Freehold London Property for Sale
Thane Villas
London
Greater London
N7
GIA: 6500 sq/ft*
£ 2,250,000 Freehold
A stunning pair of period buildings for sale on this popular street off the Seven Sisters Road, nearest tube stations being Finsbury Park (Piccadilly and Victoria lines) and Holloway Road (Piccadilly Lines) and close to local bus services and shops.
The property is currently run as a hotel and let on short term agreements but is arranged as 13 self contained flats (2x studio flats, 7×1-bedroom flats, 3×2-bedroom flats and 1×3-bedroom flats). The property will be sold with full vacant possession.
This building has investment and redevelopment angles with potential for ‘break-up’. There is also potential for infills and extensions to the rear. The garden extends to some 100ft.
Thane Villas Property For Sale, Seven Sisters, London
London Hotel for Sale as Going Concern
Redland Hotel
Seven Sisters Road
London
Greater London
N4
£ 1,650,000 Freehold
Freehold hotel situated on Seven Sisters Road directly opposite Finsbury park and within immediate proximity to Manor House Underground Station.
The hotel is in excellent working order and measures approximately 6,000 sq.ft. comprising 23 rooms with shared bathroom and kitchen facilities.
With good road and underground links into Central London this building has huge investment potential for the economy tourist industry and short term letting market.
Offers are invited on the basis of full vacant possession.
Redland Hotel for Sale, London, N4
London Hotel For Sale
Spring Lodge Hotel
Queens Drive
London
Greater London
N4
GIA: 4000 sq/ft* £ 1,350,000 Freehold
Detached freehold building for sale in a quiet residential street very close to Finsbury Park Victoria Line and Piccadilly Line Underground station and Overground/National Rail station
The property has been used indefinitely as a hotel comprising approximately 4,000 sq.f.t (GIA) and arranged as 25 rooms along with communal kitchens and bathrooms. Approximate measurements taken from scaled plans.
This building has enormous potential for extension and redevelopment as a hotel or as self contained flats. In addition there is potential for development in the back garden where precedent has already been set (next door) for 3 storey houses (hackney.gov.uk – 2009/0928).
The building is currently an operational hotel and the staff are unaware of the pending sale. It will, however, be sold with full vacant possession.
Spring Lodge Hotel London N4
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London Pub for Sale
Woodman
Kirkdale
London
Greater London
SE26
£ 500,000 + VAT
Freehold
The Woodman Pub for Sale
Greater London Property For Sale
Prince Of Wales
Plumstead Common Road
London
Greater London
SE18
Gross Site Area: 2948 sq/ft*
£ 450,000 + VAT Freehold
Prince of Wales Pub for Sale
Source:Halifax and Nationwide
The annual rate of UK house price inflation has hit double figures for the first time since June 2007, according to the Nationwide.
The building society said that house prices in the UK had risen by 10.5% in the year to the end of April.
Prices rose by 1% in April to push the cost of the average home to £167,802.
However, the Nationwide predicted that the past year’s surge in prices would tail off later this year, with sellers starting to outnumber buyers.
The BBC online has produced a page to compare house prices in London boroughs and changes in House prices over the year.
Nearly all residential landlords in Britain expect interest rates to rise by the beginning of 2011, despite the fact that the Bank of England recently decided to keep its historically low base rate at 0.5%, reports the RLA. According to research conducted by the Young Group, 94% of landlords believe that rates will increase over the next several months, but most do not expect significant interest hikes before 2011. On average, landlords estimate that the base rate will climb to 1.25%, indicating that landlords do expect a slightly sharper increase than the 1.1% anticipated at the end of 2009.
One in ten landlords expect a sharper rise in the base rate, thus leading to the more significant increase in the cost of buy-to-let loans. Ten percent of landlords responded that an increase of 2% is to be expected, but only 1% feared that the base rate might climb all the way to 3%. Most observers also suggest that it will take some time for the base rate to rise significantly and to return to previously seen levels of 5%. As such, landlords who have liquid cash may find that this is the ideal time to secure a buy-to-let loan, especially in light of imminent interest rate hikes.
There are some signs that a large number of London area landlords (49% according to the Young Group’s surveys) are intent to expand their portfolios with new residential property purchases. Just over one fifth of investors are also pondering purchasing properties in other regions of the UK over the next 12 months.
