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Halliwick Court, Woodhouse Road, London, Greater London, N12

Description

GROUND RENT INVESTMENT HELD OVER 23 APARTMENTS (8 OF WHICH HAVE CIRCA 50 YEARS UNEXPIRED) CURRENTLY PRODUCING £1,900 P.A. (RISING TO £2,700 IN 2026) WITH POTENTIAL TO DEVELOP THE ROOFSPACE AND PROVIDE 9 NEW APARTMENTS

LOCATION & DESCRIPTION

Halliwick Court is a crescent shaped, three storey building, comprising retail shops to the ground floor, with the upper parts comprising 23 apartments, each of which have been sold off on long leases. We are offering for sale the head leasehold interest of the upper parts, held by way of a 999 year head lease (from 1985). The apartments currently produce a collective ground rent of approximately £1,900 per annum, rising to £2,700 in 2026. The ground floor shops do not form part of the demised premises. The property occupies a prominent corner position at the junction of Woodhouse Road and Colney Hatch Lane in Finchley, within the London Borough of Barnet. Woodhouse Road provides access to major routes like the A1000, and the North Circular Road. Halliwick Court is close to both Finchley Central and West Finchley stations, both served by the Northern Line, making it a convenient spot for commuters heading into central London. The surrounding area is a mix of residential homes, with nearby parks like Friary Park offering pleasant green spaces for residents to enjoy. Schools, local shops, cafes, and other amenities are within easy reach.

TENURE

Head lease of the upper parts for a term of 999 years from 1985 at an annual ground rent of £125

PLANNING

There is lapsed planning permission for conversion of the loft space above the second floor flats, with a more recent scheme having been drawn up to provide 9 flats of various sizes within the loft space; this would provide a further 4,541 Sq Ft (422 Sq M) of accommodation. Some works were undertaken to implement this lapsed consent including provision of half landings. This scheme was submitted for planning approval in May 2021, but was subsequently withdrawn in April 2023.

Prospective bidders should refer to the London Borough of Barnet Planning Department and the auction legal pack for further details.

LEASE DETAILS

Eight of the flats have circa 50 years unexpired on their current leases. The most recent renewal premium paid by another of the flats in February 2022 was £46,730. That flat had 53 years unexpired.

TENANCY DETAILS

The table attached illustrates the schedule of ground rent charges, provided to Strettons by the seller. It is understood that the Freeholder insures the building. The block service charge managers are appointed by the Management Company appointed by the lessees.

NOTE

Contact: andrew.
Tel:

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Halliwick Court, Woodhouse Road, London, Greater London, N12

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About Strettons, Strettons Residential Agency

Strettons Residential, Waltham House, 11 Kirkdale Road Leytonstone London E11 1HP
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Our residential agency has in-depth knowledge of East and North London, having helped countless clients buy, sell and let their homes or investments for over 90 years. Our residential team works closely with Strettons' in-house departments, including residential property management, lettings management, valuations, lease advisory auctions and insurance to provide comprehensive service.

Clients benefit from our agency's personalised and transparent approach, knowing that their investments are made and handled with sound property advice through a wide range of supporting specialists. To learn how we can work together, please give us a call.

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Disclaimer - Property reference 26317FH. 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 Strettons, Strettons Residential Agency. 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.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Strettons, Strettons Residential Agency on 020 3909 6558.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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