High Road, East Finchley, London, N2

Freehold commercial and residential development/investment opportunity with planning for 3 additional flats.

Marketed for the first time in over twenty years, 121 High Road comprises a vacant ground floor shop, basement and rear yard with two leasehold flats on first and second floors - there are approximately 101 years remaining and ground rents double every 25 years. Planning permission was granted by London Borough of Barnet for two new flats (23/3407/FUL) and an additional flat (24/4643/FUL) on the third (top) floor was approved in January 2025. Access to the flats can be gained from the High Road at the front.

This prominent property is located on the busy High Road, East Finchley (A1000) with its local and multiple shopping facilities including Sainsbury’s, Tesco, Budgens, Iceland, Costa, Café Nero and Post Office whereas East Finchley (Northern Line) Underground Station lies about 0.3 mile away and various buses pass the door.

Business rates: rateable value £22,500 (London Borough of Barnet) with amount payable approx. £11,227.50 pa

We have been advised by the owners CIL contributions (Mayoral and Local Council) amount to £41,602.37 and that they do not expect a request for any additional payments from London Borough of Barnet in respect of ‘s.106’ contributions.

Areas of existing and proposed accommodation with plans as well as anticipated rental and sales values are available upon request.

Offers in excess of £500,000 for the freehold interest should be submitted, subject to contract only, to owners’ sole agents Jeremy Leaf & Co from whom details of access arrangements, copies of leases, plans of existing and proposed accommodation and planning consent are available upon request.