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Finchley Road, Hampstead, NW3

A FULLY CONSENTED RESIDENTIAL DEVELOPMENT OPPORTUNITY AT A LOW CAPITAL VALUE PER SQ FT
For sale
  • An attractive mixed-use residential led development opportunity.
  • Situated on the Finchley Road, adjacent to Fortune Green Road and opposite Platt’s Lane.
  • A mixed use property comprising four interconnecting terraced buildings arranged over lower ground, ground and three upper floors previously occupied by Hampstead School of English.
  • Total existing GIA of 14,391 sq ft.
  • Planning Permission granted by Camden Council for the conversion, extension and new build of a mansard roof to create 15 residential apartments (7 x 1 beds, 6 x 2 beds, 2 x 3 beds) and 3 x ground floor “Class E” units.
  • Proposed NSA of the residential totals 10,323 sq ft.
  • Proposed NSA of the commercial totals 2,616 sq ft.
  • Ten of the apartments benefit from private outside space.
  • Total CIL £89,437.
  • S.106 contribution £95,350.
  • Potential for alternative uses, subject to obtaining the necessary consents.
  • Vacant possession.
  • Freehold.
  • Offers are invited in excess of £4,900,000 (FOUR MILLION, NINE HUNDRED THOUSAND POUNDS) subject to contract and exclusive of VAT reflecting a low capital value of £340 psf on the existing GIA and £379 psf on the consented area GIA.
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