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Hadley Court, Cazenove Road, London, N16 6JU

A Rare Freehold Estate on the Market for the First Time in Almost 60 Years
For sale
  • A rare freehold estate in the same family ownership since 1966.
  • Located in the heart of Stamford Hill within 0.6 miles from Clapton & Stoke Newington Stations.
  • Clapton & Stoke Newington Stations offer frequent and direct trains to London Liverpool Street within 20 minutes.
  • The Estate comprises two neighbouring blocks which are arranged over three and four floors, together with grounds and garages.

    The estate comprises 41 flats and includes:
  • 20 Long Leases.
  • 14 ‘Short’ leases with unexpired terms
  • of either 44 or 61 years.
  • 5 ASTs.
  • 2 Vacant.
  • The 7 flats are arranged as 2 x 2 bed and 5 x 3 bed flats producing a passing rent of £99,000 per annum (with 2 flats vacant) and measure an NIA of 5,799 sq ft.
  • The Ground Rent Produces an income of £1,595 per annum.
  • As such the total passing rent is £100,595 per annum.
  • Two lapsed planning consents were in place for the rooftop development of 9 flats – 4 x 2 bed, 4 x 3 bed and 1 x 4 bed, with a total proposed NIA of 8,184 sq ft across both blocks.
  • Freehold.
  • Offers In Excess Of £4,500,000 (Four Million, Five Hundred Thousand Pounds) subject to contract.
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