Two sites totaling approximately 0.04 hectares (0.1 acres) with a block of 16 garages,
Highly affluent North London Residential Suburb
Residential re-development potential (subject to consents)
500m from East Finchley Tube Station (Northern Line)
Lot 38
Auction 30th March 2023
Vacant Possession
Status Withdrawn Post
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
Hampstead Garden Suburb is a highly affluent and fashionable North London residential suburb. The property is situated at the rear of Monarch Court on Deacons Rise, just off the south side of Lyttelton Road (A1), with Lyttelton Playing Fields directly adjacent to the site at rear..
Tenure
Virtual Freehold. Held from The New Hampstead Garden Trust Limited for a term of 1,992 years until 3961 at a fixed rent of £5 per annum exclusive.
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
Hampstead Garden Suburb is a highly affluent and fashionable North London residential suburb. The property is situated at the rear of Monarch Court on Deacons Rise, just off the south side of Lyttelton Road (A1), with Lyttelton Playing Fields directly adjacent to the site at rear..
Tenure
Virtual Freehold. Held from The New Hampstead Garden Trust Limited for a term of 1,992 years until 3961 at a fixed rent of £5 per annum exclusive.
Description
The property comprises two separate sites. The site to the west is approximately 0.024 hectares (0.06 acres) and benefits from a block 16 garages. The site to the east is approximately 0.02 hectares (0.03 acres) and benefits from a concrete hardstanding formerly upon which was a block of 10 garages.
VAT
VAT is not applicable to this lot.
Planning
The property may benefit from redevelopment for residential or other use, subject to necessary consents/permissions.
The seller has commissioned architects drawings for the development of 8 houses within 2 terraces. The drawings are available within the sellers solicitors legal pack.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two separate sites. The site to the west is approximately 0.024 hectares (0.06 acres) and benefits from a block 16 garages. The site to the east is approximately 0.02 hectares (0.03 acres) and benefits from a concrete hardstanding formerly upon which was a block of 10 garages.
VAT
VAT is not applicable to this lot.
Planning
The property may benefit from redevelopment for residential or other use, subject to necessary consents/permissions.
The seller has commissioned architects drawings for the development of 8 houses within 2 terraces. The drawings are available within the sellers solicitors legal pack.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Use
Area
Possession
16 x Garages and a site
0.037 ha (0.093 ac)
VACANT POSSESSION
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
