A very rare opportunity to aquire a Freehold Development Site of 0.32 Acres in Highgate with Planning Consent for a 6,230 sq ft contemporary dwelling plus additional "Green Land" of approximately 0.22acres
The development site is situated at the rear of Stanhope Gardens, Highgate, on a total plot extending to about 0.54 acres. There is a separate access from Stanhope Gardens into the site. The property is situated in a high valued residential area close to Highgate Underground Station where there is excellent access to Central London. Local shops are available in Archway Road and the site comes within the Crouch End Conservation Area.
The site currently comprises a number of lock-up garages and an electricity sub-station. The site has been dormant for many years and the garages are in a dilapidated condition. They were previously let out under separate agreements and are currently all vacant.
Planning permission has been granted for a new contemporary house laid out in two wings with a basement swimming pool and detached garage. The exterior of the house is to be built in grey brick with large areas of glazing and having “green” roofs.
The approximate GIA floor area of the proposed dwelling is as follows:
Lower Ground Floor - 253 sq m / 2,713 sq ft
Ground Floor - 263 sq m / 2,830 sq ft
First Floor - 63 sq m / 678 sq ft
Total GIA - 579 sq m / 6,232 sq ft
Garage (detached) - 57 sq m / 608 sq ft
Planning consent was granted on the 7th August 2015 (Planning Application Reference No. HGY/2014/2547) for “The demolition of the existing derelict garages and erection of a 3 storey, part basement single family dwelling”. The Application is available on the Haringay website. A Community Infustructure Levy (CIL) payment will be payable. The Haringay CIL charge is £158,152 and the Mayor of London’s CIL charge is £20,888. The proposed dwelling is planned on lower ground, ground and first floor and incorporates a two car garage with turntable and indoor swimming pool.
There are 5 Tree Preservation Orders (TPO’s) on the site as well as being within the Crouch End Conservation Area.
Freehold with vacant possession
Our clients will require the purchaser to enter into a overage agreement in relation to any further development beyond the current planning consent.
Strictly via appointment through sole agents, Davis Brown on selected viewing days.
BASIS OF OFFERS:
Offers are invited in excess of £2million for the freehold with vacant possession.
We believe the site will attract a non-residential rate of stamp duty.
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