Investment/development opportunity in North London

0.4 hectare (1.03 acres) site consisting of a 3 storey, single block building (albeit 3 separate cores known as blocks A, B & C), extending to 1,869 sq m (20,114 sq ft) GIA. The building provides 101 lettable rooms within 21 flats, with shared facilities. The property was used previously as student accommodation (Sui Generis planning use). The Property is subject to a new occupational lease producing a rent of £903,193 per annum. There may be scope for further extension, refurbishment, conversion or redevelopment subject to the necessary consents. Located approximately 0.9 miles (1.4 km) south of Finchley Central London Underground Station (Northern Line). For sale freehold subject to the agreed lease in existence.