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Hillfield Road and Land on Gondar Gardens, West Hampstead, NW6

UNIQUE RESIDENTIAL DEVELOPMENT OPPORTUNITY
For sale

1 HILLFIELD ROAD

  • The existing building measures 2,511 sq ft comprising three flats arranged as 2 x 2 bed and 1 x 1 bed flats.
  • Producing a rental income of £56,000 per annum let on ASTs. All the flats are let below market value. ERV is £62,500 pa.
  • Planning approved for the existing building to create a lower ground apartment and erection of single ground floor storey rear extension as well as a dormer extension on the top floor (London Borough of Camden: Planning reference: 2019/3109/P).
  • The approved scheme will comprise four flats arranged as 2 x 2 bed and 2 x 3 bed flats.
  • Total proposed NIA of 3,318 sq ft / 308 sq m.

LAND AT GONDAR GARDENS

  • Planning permission granted subject to S106 for the construction of a new three storey plus basement residential building to deliver four residential units comprising two houses and two flats, together with associated landscape/gardens, cycle parking, refuse and recycling storage. (London Borough of Camden: Planning reference: m2021/2596/P).
  • Total proposed GIA of 4,520 sq ft / 420 sq m.

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  • Located 0.6 miles (4-minute walk) from West Hampstead Overground, Underground (Jubilee Line) and Thameslink Stations.
  • CIL Payment – c. £378,000 for both planning permissions.
  • S106 costs inc. affordable housing contribution – c.£230,000. (Slight reduction in amount if only one planning permission is implemented).
  • Freehold.
  • Guide price £3,000,000 (Three Million Pounds) subject to contract. Our clients will consider offers on the land at Gondar Gardens independently.
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