Land for sale

Avenue Road, St John's Wood, London, NW8

POA
0.75 ac.

Property Description

Commercial information

  • 0.75 acres (0.3 hectares)

Key features

  • - A substantial corner plot with double frontage on one of the most desirable streets in St John?s Wood
  • - Site extends to approximately 0.75 acres (0.30 ha) located a short walk from St John?s Wood High Street, Primrose Hill and Regent?s Park
  • - Existing residential use (C3) with significant potential for redevelopment and increased massing subject to the necessary consents
  • - The property is offered leasehold (38 years remaining) with full vacant possession
  • - Indicative architectural studies have been undertaken by both Squire and Partners and Quinlan and Francis Terry, demonstrating the potential of the site for a scheme of either apartments or houses.

Full description

Tenure: Freehold

Prime development opportunity in St John's Wood.

Location

St John’s Wood is a well-established residential district,
characterised by low density detached and semi-detached
villas. The area emerged as the first of the garden suburbs and is regarded as one of the most desirable residential locations
in London, benefitting from close proximity to the extensive retail amenities of St John’s Wood High Street and the green open spaces of Primrose Hill and Regent’s Park.

The property is located within the London Borough of Camden,
occupying a corner position on Avenue Road, one of the most
exclusive addresses in the area, at its junction with Elsworthy
Road. The site comprises two plots with a double frontage on
Avenue Road and separate access off Elsworthy Road.

The location is well served by St John’s Wood Underground Station (Jubilee Line) which is located approximately 750m to the south west with South Hampstead Station (London Overground and National Rail Services) approximately 850m to the north west.

Description

Prime development opportunity in St John's Wood;

A substantial corner plot with double frontage on one of the most desirable streets in St John’s Wood. Site extends to approximately 0.75 acres (0.30 ha) located a short walk from St John’s Wood High Street, Primrose Hill and Regent’s Park.

The property comprises a single detached residential dwelling of approximately 7,298 sq ft GIA arranged over basement, ground and first floors, set within a large double corner plot extending to 0.303 ha (0.75 acres). A copy of the site plan and existing floor plans are available on the dedicated website which outlines the existing accommodation.

The property is held on a long lease of 99 years from 24 June 1956 with approximately 38 years remaining.


Acreage: 0.75 Acres

Additional Info

The property is held on a long lease of 99 years from 24 June 1956 with approximately 38 years remaining. A copy of the lease and all pertinent legal information is available on the dedicated website. A claim was submitted by the lessee on 26 January 2018 to acquire the freehold under the Leasehold Reform Act 1967. In response, on 16 May 2018 the freeholder confirmed its willingness to transfer the freehold interest to the
lessee for a premium of £13,080,000 plus statutory costs; this figure is being contested by the lessee. The property is sold subject to and with the benefit of any rights of way, easements or restrictions, which may exist, whether or not mentioned in these particulars


More information from this agent

Listing History

Added on Rightmove:
09 October 2018

Nearest stations

  • St. John's Wood (0.4 mi)
  • Swiss Cottage (0.4 mi)
  • South Hampstead (0.5 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Savills, St John's Wood & Regent's Park

15 St. Johns Wood High Street London NW8 7NG

020 8012 1426 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • St. John's Wood (0.4 mi)
  • Swiss Cottage (0.4 mi)
  • South Hampstead (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Savills, St John's Wood & Regent's Park

15 St. Johns Wood High Street London NW8 7NG

020 8012 1426 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference STS180116. 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 Savills, St John's Wood & Regent's Park. 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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