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COMMERCIAL

Nether Street, London, N12

Offers in Excess of
£5,250,000
Jeremy Leaf & Co, Residential Development
PROPERTY TYPE

Residential Development

SIZE

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Key features

  • Freehold Investment / Development Opportunity
  • An opportunity to acquire the freehold interest in a high-yielding property.
  • The asset is subject to a 5-year lease, at a rent of £500,000pa.
  • The property extends to approximately 11,162 sqft / 1,037 sqm (GIA).
  • The site presents a variety of development opportunities subject to consents.

Description

*Freehold Investment / Development Opportunity*.

Astrale House is configured to provide 40 ensuite bedrooms, a kitchen, staff room and office space across two floors, in which the first floor is served by a staircase and lift, providing a total floor area of 11,162 sqft / 1,037 sqm of accommodation (GIA).

The property also benefits from a large south facing garden to the rear and carriage driveway to the front, providing off-street parking.

The property is currently used as a sheltered accommodation (C2 use), and is subject to a 5-year lease, from February 2024 at a rent of £500,000 per annum.

Astrale House is located on Nether Street, North Finchley, in the London Borough of Barnet.

North Finchley is a popular and established suburb of north London, which benefits from excellent amenities, green spaces and strong transport links across London.

Situated in London travel Zone 4, Woodside Park underground station is a short walk away (c. 1km) from the property and served by the Northern Line, providing regular services to Central London in c.25 minutes. Tally Ho main bus terminal is a few hundred metres away.

The neighbouring high street (Tally Ho Corner), provides residents with a variety of local amenities schools, cafes shops – including Waitrose, Tesco and Aldi, bars as well as the Arts Depot with its theatre, gallery and dance studio.

The property is in close proximity to a range of green spaces, including Friary Park, Dollis Valley Greenwalk, Finchley Golf Course and Stephens House and Gardens.

If you require any further information or wish to arrange a viewing please contact a member of our team today.



Brochures

Brochure 1

Nether Street, London, N12

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Woodside Park Station0.4 miles
  • West Finchley Station0.5 miles
  • Finchley Central Station1.1 miles

About Jeremy Leaf & Co, Residential Development

863 High Road London N12 8PT

Jeremy Leaf & Co. have been directly involved in the acquisition and disposal of over 100 sites of vacant or under-used land in North London and the home counties since the late 1980's and 90's on behalf of clients in both the private and public sectors. The land has a total current value of over £90million. Re-sale value of completed homes is estimated at more that £200 million. As a result, over hundreds of brand new homes - ranging from one bedroom flats to five bedroom houses - have been marketed and this impressive performance is continuing.

We also regularly deal with larger organisations such as insolvency agencies, national banks and solicitors. Jeremy Leaf & Co. are therefore well-placed to assess development potential accurately and to offer the widest choice of properties through exciting new projects as well as through the second hand markets in and around north London.

Notes

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Disclaimer - Property reference 28250314. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Jeremy Leaf & Co, Residential Development. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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