*Guide | £500,000+ (plus fees)
- Residential Development
- Tenure: Head Leasehold. The property is held on a 99 year lease from 29th September 1977 (thus approximately 51 years unexpired).
Call the team on 020 7625 9007 for more information
A Well Located Development Opportunity (Subject to Freeholder's Consent) Comprising a Roof Space with Planning Permission for an Additional Single Storey Extension to Create Four Additional Penthouse Flats. Further Redevelopment Potential (Subject to Obtaining Relevant Consent)
The property comprises the roof space above the existing building which is currently arranged over ground and seven upper floors. The lower ground floor, currently used as boiler rooms, offers additional scope for conversion or redevelopment, subject to all relevant consent.
Tenure
Head Leasehold. The property is held on a 99 year lease from 29th September 1977 (thus approximately 51 years unexpired).
Location
The property is situated in the highly sought after area of St Johns Wood close to local shops and amenities. The open spaces of Regent's Park are within easy reach. Transport links are provided by Maida Vale underground station (Bakerloo line) and Kilburn High Road overground station.
Planning
Westminster City Council granted the following planning permission (ref: 21/04039/FULL) in June 2023: 'Erection of mansard roof extension with green roof and lift overrun with communal satellite dish, 4 rooftop air source heat pumps within green wall enclosure with bird and bat boxes, in association with the provision of four additional residential flats and associated cycle and waste storage at basement level. (Re-Consultation on revised scheme with revised 8th floor and roof plans, daylight and sunlight letter and new fire strategy)'
Proposed Accommodation
Eighth Floor Flat 1 Three Bedroom Flat Flat 2 One Bedroom Flat Flat 3 One Bedroom Flat Flat 4 Four Bedroom Flat
The proposed development requires freeholder's consent which the incoming buyer will need to obtain if they wish to develop the roof space. Freeholder information as well as the ground rent schedules and full planning documentation will be available in the legal pack.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
