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A Well Located Residential Development Opportunity (Subject to obtaining all necessary consents).
The property comprises a development opportunity to create a lower ground floor flat beneath an existing mid terrace house arranged over ground and two upper floors.
Leasehold. The property is held on a lease for a term of 125 years from 13th December 2016 (thus having approximately 124 years unexpired).
The property is situated in the North West London area of Gospel Oak close to local shops and amenities. The open spaces of Hampstead Heath are within easy reach. Transport links are provided by Gospel Oak overground station.
The buyer will be required to excavate the area below the ground floor in order to create a new self-contained flat (subject to obtaining all relevant consents).
We have been advised that the sale will include freeholder's consent for any work at nil premium. Prospective buyers are advised to check the legal pack for further details.
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £1,200 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.