Current Instructions

Residential Development

Mackellar House, London NW2

Available
DESCRIPTION
  • A rare opportunity to acquire airspace with consent for development in West Hampstead.
  • The property is located within close proximity to West End Lane.
  • A planning permission has been approved, pending completion of a S106 agreement, by Camden Council to develop two additional storeys above the existing block, creating four three-bedroom apartments, each with its own private balcony.
  • Proposed NIA – 303 sq m (3,266 sq ft).
  • CIL is estimated at – C. £224,000.
  • S106 cost is £12,194 (subject to indexation).
  • Being sold by way of a new 999-year airspace lease with the benefit of freeholder’s consent for the proposed development.
PROPOSAL

Guide Price : £800,000
Subject To Contract

Key features
Consented airspace development in West Hampstead
Proposed NIA – 303 sq m (3,266 sq ft)
CIL is estimated at – C. £224,000.
S106 cost is £12,194 (subject to indexation)
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