Indicative Visualisation Residential Development Opportunity For Sale
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS SUMMARY 3 x terraced houses and associated land, occupying a site extending to approximately 0.18 acres Planning permission for a new build scheme of 9 apartments (6 x 2 bed & 3 x 2 bed units) totalling 9,240ft 2 NSA, all for private sale Located in the affluent North London suburb of Mill Hill, within walking distance of the town centre and Mill Hill Station Offers are invited in excess of 2,350,000 for the freehold interest
DESCRIPTION & LOCATION HOME SUMMARY DEVELOPMENT TERMS DESCRIPTION The existing property comprises a terrace of 3 x 2-storey, 3 bedroom houses which all benefit from front and rear gardens. Access to all 3 properties is taken directly via Shakespeare Road and number 54 benefits from a side entrance. The site is bounded to the north by St. Joseph s College Grounds with residential properties to the south, east and west. The site area is approximately 0.18 acres. LOCATION The site is located in a residential area within the affluent North London suburb of Mill Hill. The Local Authority is the London Borough of Barnet. The immediate area comprises mainly terraced and semi-detached family houses and purpose built apartment blocks. The nearest commercial amenities (including shops, restaurants and a M&S supermarket) are located on The Broadway, approximately 0.5 miles from the site. Mill Hill Station is located circa 0.8 miles from the site, offering direct National Rail services into Central London (London Blackfriars & London Bridge) in under 35 minutes.
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS PLANNING & DEVELOPMENT POTENTIAL Planning permission was granted via Appeal on 10th April 2018, under reference APP/ N5090/W/17/3192346, for the demotion of the existing dwellings and the erection of a 4-storey building (including a lower ground floor) to create 9 self-contained apartments. The proposed scheme comprises 6 x 2 bedroom & 3 x 3 bedroom units totalling 9,240ft 2 NSA and the development will benefit from 4 off-street parking spaces. All units are for private sale with no affordable housing provision required. The planning consent is subject to a CIL liability of approximately 97,000. APPROVED ACCOMMODATION SCHEDULE Unit Floor Description GIA ft 2 GIA m 2 1 Lower Ground & Ground 2 Bedroom 3 Person Duplex Apartment 1,282 119.1 2 Lower Ground & Ground 2 Bedroom 3 Person Duplex Apartment 1,282 119.1 3 Lower Ground & Ground 3 Bedroom 5 Person Duplex Apartment 1,293 120.1 4 Lower Ground & Ground 3 Bedroom 5 Person Duplex Apartment 1,343 124.8 5 First 2 Bedroom 3 Person Apartment 663 61.6 6 First 2 Bedroom 3 Person Apartment 663 61.6 7 First 2 Bedroom 3 Person Apartment 663 61.6 8 Ground & First 2 Bedroom 3 Person Duplex Apartment 805 74.8 9 Second 3 Bedroom 6 Person Apartment 1,246 115.8 Total 9,240 858.5 Internal Indicative Visualisations
HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS TENURE The property will be sold freehold with vacant possession on completion. VAT The property is not elected for VAT. TERMS Offers are invited in excess of 2,350,000. ADDITIONAL INFORMATION Further information including planning and legal documents are available within our dataroom using the access code Shakespeare. CONTACT To discuss any aspect of this property or the disposal process, please contact the sole selling agents: Paul Heale 020 7183 2529 paul.heale@kingsbury-consultants.co.uk Joe Goldsmith 020 7183 2529 joe.goldsmith@kingsbury-consultants.co.uk Kingsbury 1st Floor, 81 Alie Street, London E1 8NH Kingsbury on their own behalf and on behalf of the Owner / Landlord of this property whose agents, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268. Indicative Visualisations