Land For Sale £3,500,000
We are instructed to sell the freehold interest on this 1960s purpose built block sitting on 0.75 acres directly overlooking the Heath, fronting Branch Hill which leads down to Frognal and Hampstead Village. The package includes two x 3 bedrooms 2 bathrooms apartments located on the 1st and 2nd floors of the building, with the additional benefit of 2 garages and 2 storage spaces.
The freehold is being sold with the additional benefit of the marriage value of one short lease 3 bedroom 2 bathroom flat with 38 years remaining, a 33.3% share of the resident’s association and share in the porters flat which is a one-bedroom unit. Further uplift of either an air space extension or the potential re-development of the site, with scope to substantially increase the footprint subject to planning and relevant consents. A pre-application was made to Camden Council in 2015, whereby a luxury scheme of 10 apartments with underground parking and 4 luxury family houses was submitted for initial consideration. The initial response from planning on this scheme was favourable.
Council Tax Band: G £2,986.55 (Flats 1-8)
Council Tax Band: D £1,791.93 (Caretakers Flat)
For further information, please contact us below on:
Richard Humphreys
Bambos Haralambous
The freehold is being sold with the additional benefit of the marriage value of one short lease 3 bedroom 2 bathroom flat with 38 years remaining, a 33.3% share of the resident’s association and share in the porters flat which is a one-bedroom unit. Further uplift of either an air space extension or the potential re-development of the site, with scope to substantially increase the footprint subject to planning and relevant consents. A pre-application was made to Camden Council in 2015, whereby a luxury scheme of 10 apartments with underground parking and 4 luxury family houses was submitted for initial consideration. The initial response from planning on this scheme was favourable.
Council Tax Band: G £2,986.55 (Flats 1-8)
Council Tax Band: D £1,791.93 (Caretakers Flat)
For further information, please contact us below on:
Richard Humphreys
Bambos Haralambous
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