Hillside House Residential Investment
Project Overview Welcome to a unique investment opportunity with Olympus Developments – the Hillside House Residential Investment. Located in North Finchley, this freehold discounted residential investment offers a compelling proposition. With 18 apartments already in place and further development potential, this property combines immediate rental income with the promise of future growth.
Property Details
- Address: Hillside House, 2-6 Friern Park, North Finchley, N12 9AF
- Property Type: Flat, House, Residential Land, Residential
- Tenure: Development Opportunity, Investment Opportunity
Key Highlights
Current Configuration
- Apartments: The property currently comprises 18 apartments, consisting of 12 studios, 1 one-bedroom, and 5 two-bedroom units. The total space extends to 9,042 sq ft (NSA).
- Rental Income: The property generates a current rental income of £283,008 per annum. This immediate income stream offers stability to investors.
- Growth Potential: The property is significantly underlet, with an estimated rental value (ERV) of approximately £343,200 per annum. This presents an opportunity to increase rental income.
- Development Potential: Lapsed planning permission for a single-story extension on the roof indicates further development potential for those looking to maximize returns.
Why Invest with Olympus Developments Olympus Developments has a proven track record of delivering successful real estate projects. We specialize in creating value-driven, innovative developments that enhance communities and provide attractive returns on investment.
Contact Us Don’t miss out on this distinctive investment opportunity. To learn more about the Hillside House Residential Investment or to discuss your investment, please contact our team today.
Invest with Olympus Developments and capitalize on the potential for immediate rental income and future growth. Act now to secure your stake in this exciting investment opportunity!