Back to track record

Colindeep Lane, London NW9

A FREEHOLD CONSENTED ROOFTOP DEVELOPMENT, GROUND RENT INVESTMENT & GARAGE BLOCK WITH SIGNIFICANT DEVELOPMENT POTENTIAL
Sold
  • Located less than half a mile (8 min walk) from Colindale Underground Station (Northern Line).
  • An existing block of nine flats all sold on long leases producing a ground rent income of £195pa.
  • Prior Approval was granted by Barnet Council (ref: 20/4801/PNV) for a two storey upward extension to create seven flats.
  • The proposed scheme comprises 5 x 1 bed and 2 x 2 bed with a total proposed NIA of 3,165 sq ft.
  • A second prior approval application is pending and due imminently for a two storey upward extension to create nine flats.
  • This second scheme would comprise 6 x studios and 3 x 1 bed with a total proposed NIA of 3,079 sq ft.
  • At the rear of the site are nine lock up garages and a small storage unit which are let on licences and produce £11,040pa.
  • The garages offer significant redevelopment potential and could become a block of flats, row of townhouses or other uses, subject to obtaining the necessary consents.
  • Freehold.
  • Price - £950,000 (Nine Hundred & Fifty Thousand Pounds) subject to contract.
Screenshot 2021 04 16 at 09 24 34 edited with outline
Screenshot 2021 04 16 at 09 25 23
Screenshot 2021 04 16 at 09 28 02 edited outline
Cropped screenshot
View our current instructions or download our track record
View current instructions Download track record