Freehold Development Opportunity with Planning Consent
Site area 0.14 hectares (0.33 acres)
Planning consent granted for 21 flats and B1 Office on the ground and lower ground floor
Immediately opposite East Finchley Underground Station
Highly affluent North London suburb
150 metres north of The Bishops Avenue
Lot 25
Auction 21st May 2020
Vacant Possession
Status Sold Prior
Price
Sector Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
5 miles north of Central London
1 mile south of A406 North Circular Road
1 mile north of Hampstead Heath
Roads
A1000, A406 North Circular Road, A1, M1
Rail
East Finchley Underground Station
(Northern Line)
Air
London Heathrow, London Stansted
Situation
East Finchley is an affluent and attractive North London residential suburb. The property is situated on the east side of High Road (A100), directly opposite East Finchley Underground Station. Commercial occupiers in the locality include McDonalds UK headquarters office, whilst The Bishops Avenue, one of the most affluent residential streets in London, is approximately 150 metres to the south.
Tenure
Freehold.
Location
Miles
5 miles north of Central London
1 mile south of A406 North Circular Road
1 mile north of Hampstead Heath
Roads
A1000, A406 North Circular Road, A1, M1
Rail
East Finchley Underground Station
(Northern Line)
Air
London Heathrow, London Stansted
Situation
East Finchley is an affluent and attractive North London residential suburb. The property is situated on the east side of High Road (A100), directly opposite East Finchley Underground Station. Commercial occupiers in the locality include McDonalds UK headquarters office, whilst The Bishops Avenue, one of the most affluent residential streets in London, is approximately 150 metres to the south.
Tenure
Freehold.
Description
The property comprises a broadly level and rectangular site of approximately 0.14 hectares (0.33 acres) upon which there is a small office building and a car park.
VAT
VAT is applicable to this lot.
Planning
Permission has been granted on 8th January 2018 under reference 16/2351/FUL for the demolition of the existing building and the construction of 21 flats and B1 offices. There is a resolution to grant a further planning permission under reference 18/5822/FUL for the demolition of the existing buildings and construction of 24 flats and 479 sqm (5164 sq ft) of B1 offices, subject to completion of a s106 agreement. It is anticipated that the s106 agreement will be completed and planning permission granted prior to the auction. The resolution to grant the planning application reference 18/5822/FUL provides for a capital contribution in lieu of providing affordable housing.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a broadly level and rectangular site of approximately 0.14 hectares (0.33 acres) upon which there is a small office building and a car park.
VAT
VAT is applicable to this lot.
Planning
Permission has been granted on 8th January 2018 under reference 16/2351/FUL for the demolition of the existing building and the construction of 21 flats and B1 offices. There is a resolution to grant a further planning permission under reference 18/5822/FUL for the demolition of the existing buildings and construction of 24 flats and 479 sqm (5164 sq ft) of B1 offices, subject to completion of a s106 agreement. It is anticipated that the s106 agreement will be completed and planning permission granted prior to the auction. The resolution to grant the planning application reference 18/5822/FUL provides for a capital contribution in lieu of providing affordable housing.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
