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54 Holden Avenue, Woodside Park, London N12 8HX Residential

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54 Holden Avenue, Woodside Park, London N12 8HX Residential Indicative Visualisation 54 Holden Avenue, Woodside Park, London N12 8HX Residential Development Opportunity For Sale www.kingsbury-consultants.co.uk 54 Holden Avenue, Woodside Park, London N12 8HX HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS SUMMARY • 3-storey residential building occupying a site of circa 0.21 acres, comprising of 4 flats • Planning permission for a new build scheme comprising 9 residential apartments (1 x studio, 3 x 1 bed, 1 x 2 bed & 4 x 3 bed units) totalling 8,705ft2 (NIA) with 8 off-street parking spaces • Sought after residential location circa 150 meters from Woodside Park Underground Station (Northern Line) and a short walking from North Finchley High Road • Offers invited in excess of £2,000,000 for the freehold interest www.kingsbury-consultants.co.uk 54 Holden Avenue, Woodside Park, London N12 8HX HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS DESCRIPTION The existing property comprises a 3-storey detached residential building (formerly a house) which has been divided into 4 self-contained apartments (1 x 1 bedroom and 3 x 2 bedroom units). The existing building extends to approximately 4,500ft2 GIA. Two apartments are currently let on statutory periodic Assured Shorthold Tenancy agreements, producing £750 PCM and £1,200 PCM respectively (£23,400 per annum in total). The property benefits from a front drive and a large rear garden, occupying a broadly rectangular site extending to approximately 0.21 acres. Vehicular access is taken directly off Holden Avenue. The property is bounded by residential apartment blocks to the North, East and South. LOCATION The property is located on Holden Avenue in the affluent North London suburb of Woodside Park, within the London Borough of Barnet. The immediate area comprises mainly high-quality residential properties, with numerous commercial offerings including boutique shops, restaurants, a Sainsbury’s and Waitrose available on North Finchley High Road (located circa 0.3 miles to the east of the property). Woodside Park Underground Station is located approximately 150 meters (circa 1 minute walk) from the property, providing Northern Line services. Journey times include: King’s Cross St Pancras – 22 minutes / Leicester Square – 26 minutes / Bank – 31 minutes www.kingsbury-consultants.co.uk 54 Holden Avenue, Woodside Park, London N12 8HX HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS PLANNING & DEVELOPMENT POTENTIAL Planning permission was granted on 16th August 2017, under reference 17/3462/FUL, for the demolition of the existing building and the erection of part-3, part 4-storey building with a basement to provide 9 self-contained apartments (1 x studio, 3 x 1 bedroom, 1 x 2 bedroom & 4 x 3 bedroom units) with 8 off-street parking spaces at surface level. All units are for private sale and no Section 106 obligations apply. The planning consent is subject to a CIL liability of approximately £163,006. The proposed development will create 8,705ft2 (NIA) of residential space arranged with 2 x 3 bedroom duplex units across basement and ground floors, with the remaining 7 flats spread across 1st, 2nd and 3rd floors. There is potential to enhance the current planning by increasing the size of Unit 8 (currently a studio flat) to create a 1 bedroom apartment, subject to obtaining the necessary consents. APPROVED ACCOMMODATION SCHEDULE Unit Floor Description NIA ft2 NIA m2 1 Basement & Ground 3 Bedroom Duplex Apartment 1,724 160.2 2 Basement & Ground 3 Bedroom Duplex Apartment 1,713 159.1 3 Ground 1 Bedroom Apartment 460 42.7 4 First 2 Bedroom Apartment 836 77.7 5 First 3 Bedroom Apartment 1,176 109.3 6 Second 1 Bedroom Apartment 637 59.2 7 Second 3 Bedroom Apartment 1,112 103.3 8 Third Studio Apartment 493 45.8 9 Third 1 Bedroom Apartment 553 51.4 Total 8,705 808.7 Proposed Front Elevation www.kingsbury-consultants.co.uk 54 Holden Avenue, Woodside Park, London N12 8HX HOME SUMMARY DESCRIPTION & LOCATION DEVELOPMENT TERMS TENURE The property will be sold freehold and is available with vacant possession or with the existing tenants in-situ. VAT The property is not elected for VAT. TERMS Offers are invited in excess of £2,000,000. ADDITIONAL INFORMATION Further information including approved planning documents are available within our dataroom using the access code ‘Ravensdene’. CONTACT Street View of the Property To discuss any aspect of this property or the disposal process, please contact the sole selling agents: Jordan Oldfield 020 7183 2529 [email protected] Keir Goldstein 020 7183 2529 [email protected] 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. Rear View of the Property.
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