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Church Road, HIGHGATE

Achieved price:£375,000

Achieved price:£375,000
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Church Road, HIGHGATE

Description

Of particular interest to developers and investors a freehold ground rent/investment with adjoining site having planning permission for a two bedroom house

LOCATION:
The property is located on the southern side of Church Road in a highly desirable residential street within the Highgate Conservation Area.  The property is within a short walking distance of Highgate Underground Station and Highgate Wood.

DESCRIPTION:
This is a three storey purpose built semi detached block of three flats which have been sold on long leases.  The block has some roof development potential subject to planning.   The rear of the site has four disused garages on which planning consent has been obtained. 

PLANNING:
Planning consent was granted in September 2013 for the demolition of the existing disused garages and the erection of 1 x 2 storey house comprising 2 bedrooms at ground floor and basement level.  Further information can be obtained from Haringey Council’s Planning Services website under Planning Application reference No. HGY/2013/1558 or from the information pack.

FLOOR AREAS:
The Gross Internal Floor Area (GIA) of the proposed house is as follows:
Proposed Basement - 45.3 sq m / 488 sq ft
Proposed Ground Floor - 39.3 sq m / 423 sq ft
Total - 84.6 sq m / 911 sq ft

FLATS:

Flat

Term

Ground Rent

Ground Rent Increases to

Flat 1, Ground Floor

2 Bedroom Flat with rear garden

125 years w.e.f 24th June 1996

£75 pa

2029 – Increases to £150 pa

2062 – Increases to £300 pa

2095 until expiry - £600 pa

Flat 2, First Floor

2 Bedroom Flat

125 years w.e.f 24th June 1996

£75 pa

2029 – Increases to £150 pa

2062 – Increases to £300 pa

2095 until expiry - £600 pa

Flat 3, Second Floor

2 Bedroom Flat with front garden

125 years w.e.f 24th June 1996

£75 pa

2029 – Increases to £150.00 pa (ASSUMED)

2062 – Increases to £300.00 pa

2095 until expiry - £600.00 pa

 

TOTAL GROUND RENT

£225 pa

Rising to a maximum of
£1,800 pa

TENURE:
Freehold subject to the ground leases and with vacant possession of the garages.

BASIS OF OFFERS:
Unconditional offers are invited for the freehold interest of the garage site in excess of £350,000 and for existing block of flats in excess of £10,000.  All offers must be submitted to the sole agents on the Informal Tender Bid Form, which is included in the Information Pack, by 12noon on Friday 29th November.  The property IS NOT elected for VAT.  A Section 5A Notice under the Landlord and Tenant Act 1987 will be served on the lessees once an acceptable offer has been received giving the lessees the opportunity to purchase the freehold interest of the flats.

 

Disclaimer:
Davis Brown for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchasers, or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Davis Brown or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property; (iv) all rentals and prices quoted are exclusive of VAT (if chargeable)

SUBJECT TO CONTRACT

Map Street View

Of particular interest to developers and investors a freehold ground rent/investment with adjoining site having planning permission for a two bedroom house

LOCATION:
The property is located on the southern side of Church Road in a highly desirable residential street within the Highgate Conservation Area.  The property is within a short walking distance of Highgate Underground Station and Highgate Wood.

DESCRIPTION:
This is a three storey purpose built semi detached block of three flats which have been sold on long leases.  The block has some roof development potential subject to planning.   The rear of the site has four disused garages on which planning consent has been obtained. 

PLANNING:
Planning consent was granted in September 2013 for the demolition of the existing disused garages and the erection of 1 x 2 storey house comprising 2 bedrooms at ground floor and basement level.  Further information can be obtained from Haringey Council’s Planning Services website under Planning Application reference No. HGY/2013/1558 or from the information pack.

FLOOR AREAS:
The Gross Internal Floor Area (GIA) of the proposed house is as follows:
Proposed Basement - 45.3 sq m / 488 sq ft
Proposed Ground Floor - 39.3 sq m / 423 sq ft
Total - 84.6 sq m / 911 sq ft

FLATS:

Flat

Term

Ground Rent

Ground Rent Increases to

Flat 1, Ground Floor

2 Bedroom Flat with rear garden

125 years w.e.f 24th June 1996

£75 pa

2029 – Increases to £150 pa

2062 – Increases to £300 pa

2095 until expiry - £600 pa

Flat 2, First Floor

2 Bedroom Flat

125 years w.e.f 24th June 1996

£75 pa

2029 – Increases to £150 pa

2062 – Increases to £300 pa

2095 until expiry - £600 pa

Flat 3, Second Floor

2 Bedroom Flat with front garden

125 years w.e.f 24th June 1996

£75 pa

2029 – Increases to £150.00 pa (ASSUMED)

2062 – Increases to £300.00 pa

2095 until expiry - £600.00 pa

 

TOTAL GROUND RENT

£225 pa

Rising to a maximum of
£1,800 pa

TENURE:
Freehold subject to the ground leases and with vacant possession of the garages.

BASIS OF OFFERS:
Unconditional offers are invited for the freehold interest of the garage site in excess of £350,000 and for existing block of flats in excess of £10,000.  All offers must be submitted to the sole agents on the Informal Tender Bid Form, which is included in the Information Pack, by 12noon on Friday 29th November.  The property IS NOT elected for VAT.  A Section 5A Notice under the Landlord and Tenant Act 1987 will be served on the lessees once an acceptable offer has been received giving the lessees the opportunity to purchase the freehold interest of the flats.

 

Disclaimer:
Davis Brown for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchasers, or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Davis Brown or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property; (iv) all rentals and prices quoted are exclusive of VAT (if chargeable)

SUBJECT TO CONTRACT

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020 7637 1066

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Saturday: by appointment.

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