NORTH LONDON MIXED USE DEVELOPMENT OPPORTUNITY

Land at the rear of 3 New Road, Crouch End, London, N8 8TA Freehold

Red line boundary for indicative purposes only

■■Mixed use development opportunity in the heart of affluent Crouch End.

■■0.09 hectare (0.23 acre) site currently occupied by a light industrial workshop building.

■■Planning permission for 4 townhouses and 5 apartments with an approximate GIA of 964 sq m (10,376 sq ft) and B1(a) office floorspace with an approximate GIA of 446 sq m (4,801 sq ft).

■■For sale freehold.

■■Commercial unit deal structure is negotiable.

savills.co.uk Location Priory Park is 300 metres to the north and Description the extensive open spaces of Alexandra The site comprises the land at the rear of 3 Park are 900 metres to the north, along with The property comprises an existing light New Road, which is located between Park Alexandra Palace, one of London’s best industrial workshop building and associated Road and Middle Lane in Crouch End, in entertainment venues. outbuildings, which are vacant. The site the London Borough of Haringey. Crouch extends to approximately 0.09 hectares End is an affluent neighbourhood in north Highgate London Underground station (0.23 acres). It abuts the rear gardens of London, to the east of Highgate, south east (Northern Line) is approximately 1.6km to houses on Lynton Road to the north and the of Muswell Hill and north of Finsbury Park the north west and provides services to rear gardens of houses on New Road to the and Stroud Green. The area has numerous King’s Cross St. Pancras (14 minutes) and south. A car park serving The Vale Practice independent bars, restaurants and boutique Leicester Square (17 minutes). The area is to the west and a car park serving Angle retailers clustered around The Broadway, to benefits from exceptional bus services to House Orthodontic Clinic is to the east. the immediate south of the site, along with a Finsbury Park (W3 / U7), Trafalgar Square The site benefits from a right of way with or Waitrose supermarket. (90) and Archway (41). without vehicles over land connecting the site to Park Road (A1201).

Red line showing site boundary and blue hatched area showing approximate route of rights of access. Red line showing site boundary and blue hatched area showing approximate route of rights of access. NOTE - Published for the purposes of identification only and although believed to be correct its NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100024244 Savills (UK) Limited. Controller of H.M. Stationery Office © Crown copyright licence number 100024244 Savills (UK) Limited. Planning The consented NSA areas of the four houses and five apartments are set out below: The property falls within the jurisdiction Type Sq M Sq Ft of the London Borough of Haringey. Numbers 1 and 3 New Road are locally House 1 4/5 bed 150 1,615 listed buildings. There are no other listed House 2 4/5 bed 150 1,615 buildings adjacent. The site is located within the Crouch End conversation area. House 3 3/4 bed 128 1,378

Planning permission has been granted House 4 3/4 bed 128 1,378 (Ref: HGY/2016/1562) for: Flat A 2 bed 82 883

“Demolition of the existing buildings Flat B 2 bed 80 861 and construction of 9 new residential Flat C 2 bed 82 883 homes (4 x houses and 5 x flats) and 446 sq.m of office (Use Class B1a) Flat D 2 bed 80 861 floorspace in a building extending to between 2 and 4 storeys in height and Flat E 2 bed 84 904 associated car parking, andscaping and Total 964 10,376 infrastructure works.”

The plans submitted with the application The consented GIA of the office floorspace is set out below: can be found on the dataroom (www.savills.com/newroad). Sq M Sq Ft Ground Floor 248 2,669 Four car parking spaces will be provided First Floor 139 1,496 and a secure cycle store. Vehicular access to the site will be through the existing car Second Floor 59 635 park attached to The Vale Practice to the Total 446 4,800 immediate west of the site. Additional pedestrian access runs north from The consented GEA of the development is set out below: New Road. Sq M Sq Ft The officer’s committee report estimates a Mayoral CIL liability of £41,380.43 and a Ground Floor 554 5,963 LB Haringey CIL liability of £268,696.22. First Floor 626 6,738 The Section 106 Agreement is available Second Floor 533 5,737 on the dataroom and includes financial contributions totalling £204,918, which are Third Floor 198 2,131 subject to indexation. Total 1,911 20,570

CGI of proposed scheme Method Of Sale Alternatively the vendor would consider Viewings taking a 999 year lease for the commercial The property is for sale freehold by way of unit, completed to shell and core, at a Viewings are strictly by appointment. informal tender (unless sold prior). peppercorn rent. Please contact the sole selling agents to make an appointment. The vendor is willing to enter into a lease for the commercial unit, completed to shell VAT and core with capped off services, for a Further Information The property is elected for VAT. term of 10 years and a break after 5 years Further information relating to the planning at a rent of £27.50 per sq ft NIA with a permission and the property is available at: rent free period of 12 months. www.savills.co.uk/newroad

Important Notice Savills and their client give notice that: 1. They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Sale particulars produced February 2017.

Savills Darren Arnold Sean Cooper Tom Faulkner 33 Margaret Street, +44 (0) 20 7409 9926 +44 (0) 20 7409 9948 +44 (0) 207 016 3796 London W1G 0JD [email protected] [email protected] [email protected] +44 (0) 20 7499 8644 savills.co.uk