12 - 18 High Road East Finchley London N2 9PJ

12 - 18 High Road
East Finchley
London
N2 9PJ

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
Auction Venue
Live Streamed Auction

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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

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.