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Office for sale

Gloucester Avenue, Primrose Hill, NW1

Guide Price £8,000,000

Property Description

Key features

  • Residential Development
  • 19 Residential Flats
  • Prime Position
  • Period Conversion

Full description

Tenure: Freehold

A former dairy building built circa 1895 and later converted in 1972 into the longest standing business centre in London has now come to market; it has been in the same family for some 35 years and falls within Primrose Hill's conservation area.

The demise is conveniently situated on the west side of Gloucester Avenue within a few minutes' walk of Chalk Farm Underground Station (Northern Line), with direct services to the West End and City. Primrose Hill village is also within walking distance to the property with its unique ambiance of local boutiques, shops, cafes and fine restaurants. With main line stations only 10 minutes away from Chalk Farm Underground Station.

The front building is located on Gloucester Avenue, an open courtyard in the middle and the rear building behind.
The front building is arranged over Basement, ground and three upper floors and the rear building is arranged over lower ground and one upper floor.

The current rear building is circa 4885 sq ft NET and circa 6,513 sq ft GROSS and has the benefit of an approval from Camden Council for an extra floor of circa 3,500 sq ft - plans and decision availble on request.
There is also a granted planning permission from Camden Council for 12 apartments under permitted developments; this application can be seen on Camden Council website under reference number 2015/3057/P - the NET saleable is circa 5,455.32 sq ft.
The current front building is circa 3,151 sq ft NET and circa 4,008 sq ft GROSS. A granted planning approval from Camden Council for 7 apartments under permitted developments, this application can be seen on Camden Council website under reference number 2015/3491/P - the NET saleable is circa 3,572.32 sq ft.
In addition, the courtyard of approx. 500 sq ft with a high undercroft offers possibilities of extending the first floor level subject to planning from Camden Council.

For further details and plans please enquire.

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