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54 Holden Avenue, , N12 8HX Residential Development Opportunity For Sale www.kingsbury-consultants.co.uk 54 Holden Avenue, Woodside Park, London N12 8HX

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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 (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 () and a short walking from North 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 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 .

The immediate area comprises mainly high-quality residential properties, with numerous commercial offerings including boutique shops, restaurants, a Sainsbury’s and Waitrose available on 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 No: 06869268. Rear View of the Property