Flats 1-11 The Gables, Holden Avenue, London N12 8HX
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- Freehold Ground Rent Investment with Added Value Potential (STC)
- Comprising 11 flats with garages, all sold off on long leases
- Well located in North Finchley within the London Borough of Barnet
- Potential for upward extension/additional residential accommodation (STC)
- VAT not applicable
- Investment let at £750 p.a.
Description
StrapLine
Auction Sale - 03/11/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteFreehold Ground Rent Investment comprising 11 flats and garages, producing £750 p.a., with potential for upward extension and further residential development (STC)
Description
The property is arranged to provide 11 flats and garages all sold on long leases.
Location
The property is situated on Holden Avenue in North Finchley, within the London Borough of Barnet, in an established residential area predominantly comprising houses and purpose-built flats. North Finchley town centre is nearby and provides a good range of shops, restaurants, cafés and other local amenities. The property is also well placed for the amenities of Woodside Park, Whetstone and Totteridge and for access to the wider North London road and public transport network.
Transport
Underground: Woodside Park Underground Station (Northern Line) is the nearest station and is located within close proximity.
Bus: Local bus services operate throughout North Finchley, with stops on Nether Street and the surrounding roads.
Road: The property is well positioned for access to the wider North London road network.
Tenancy
The property comprises 11 flats, each with a garage, all sold on long leases. Flats 1, 4 and 6 are held on 125-year leases from 29 September 2001; Flat 2 is held on a 150-year lease from the same date; and Flats 3 and 5 and Flats 7–11 are held on leases of approximately 189 years from June 1979.
Flats 1, 2, 4, 5 and 6 each produce a ground rent of £150 per annum, providing a total current income of £750 per annum. The remaining flats are subject to a peppercorn gorund rent.
Planning
The property may offer potential for upward extension through the addition of a further storey, potentially providing additional residential accommodation, subject to all necessary consents and structural considerations. Prospective purchasers should make their own enquiries with the London Borough of Barnet regarding the planning potential of the property. Barnet’s published guidance specifically recognises upwards extensions as a form of development that may require planning permission or prior approval. Prior approval - Barnet Council
Flats 1-11 The Gables, Holden Avenue, London N12 8HX
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Woodside Park Station0.1 miles
- West Finchley Station0.6 miles
- Totteridge & Whetstone Station0.9 miles
Notes
Disclaimer - Property reference 245-23455. 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 Auctions, London. 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 Savills Auctions, London on 020 3909 6715.
*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.”