>
High Road, London, N2 Plot for sale
High Road, East Finchley N2
£1,150,000
High Road, East Finchley N2
£1,150,000
Our Summary
- There is potential for the tenants to operate with a smaller footprint, so the post-development space could also be a viable option
- The first floor is occupied by a large one-bedroom flat which is currently vacant and in need of modernisation, extending to approximately 720 sqft (NIA)
- Planning was submitted on 13th May 2025 (Ref: 25/2002/ful) for the demolition of the rear storage building, rear steps, and landing
- Planning was approved subject to signing the S106 agreement on 4th December 2023 (Ref: 23/1660/ful) for conversion into 5 self-contained flats, including lower ground and ground floor rear extensions, following demolition of the existing rear storage building and rear access staircase, as well as first and second floor rear extensions
- Development Opportunity
- One active planning permission & one ammendment - verdict expected imminently
- One active planning permission & one ammendment - verdict expected imminently
- Planning permission for 3 residential units - (Ref: 25/2002/FUL)
- Planning permission for 3 residential units - (Ref: 25/2002/ful)
- Planning permission for 6 residential units - (23/1660/FUL)
- Planning permission for 6 residential units - (23/1660/ful)
Description
This rare opportunity presents a freehold property on a busy high street in East Finchley, with a commercial unit on the basement and ground floor, currently generating £17,500 per annum. The property also features two residential units, one of which is vacant and in need of modernization, while the other is let to an assured tenant. Planning permission has been granted for either a side and rear extension to create an additional residential unit or for the conversion of the property into five self-contained flats, with the option to retain the commercial unit. The property is conveniently located near East Finchley Underground Station and offers easy access to the West End and surrounding areas. With a potential value add upside, this property presents a unique investment opportunity.