SoldFreehold Office Building with Planning Permission for Additional Storey - London N12

on behalf of Bank of Cyprus

995 High Road,  North Finchley, LONDON N12 8PW

Features

  • Sealed bids requested by 5pm 11th November 2015
  • Planning permission to construct an additional storey of office accommodation
  • Freehold for sale with vacant possession
  • Site area 0.23 acres
  • Existing Net Internal Area of 797 square metres (8,574 square feet)
  • Generous car parking provision (circa 30 spaces)
  • Development potential for alternative planning uses (including residential)
  • 10 minutes walk to Woodside Park London Underground Station (Northern Line)
  • 23 minutes journey time from Woodside Park Station (Northern Line) to Kings Cross Station
  • Affluent North London Location
  • North Middlesex Golf Club circa 0.75 km (0.46 miles)
  • David Lloyd Finchley and Vue Cinema only 2.4 km (1.5 miles)

Location

The subject property is located on the west side of the High Road (A1000) on the north corner of Woodside Grove close to the northern boundary of North Finchley, an affluent residential location bordering Whetstone. The High Road is a main commuter traffic route which extends between Tally Ho Corner to the south and Whetstone & High Barnet to the north.

Finchley and Whetstone are highly desirable places to live and the location provides an abundance of leisure, shopping, entertainment, bars and restaurants.

A short distance to the south Berkeley Homes are in the advanced stages of developing 'Imperial Square' a gated residential development comprising one, two & three bedroom apartments and three & four bedroom houses.

The area is well served for transport communications with Totteridge & Whetstone and Woodside Park London Underground Stations (Northern Line) are approximately 0.75 and 1.0 km (0.45 and 0.55 miles) to the north and south respectively. The High Road is a major bus route along which there are numerous services running at frequent intervals and there is easy access to main road communications including the North Circular Road (A406), M1 motorway, A1 and A41.

Net internal area 796.61 sq.m. /8574 sq.ft. 

Ground Floor Net Internal Area270.48 sq.m. / 2911 sq.ft.
First Floor Net Internal Area260.59 sq.m. / 2804 sq.ft.
Second Floor Net Internal Area265.54 sq.m. / 2858 sq.ft.
  • Site Area 931.19 sq.m. / 10023 sq.ft.
Plus:


Description

The property comprises a three storey 1980s detached office building with ground floor banking hall and secure gated rear car park.

The floor plates are rectangular shaped in plan and while currently partitioned are capable of delivering open plan space.

The banking hall and offices have separate entrances.

The premises are fitted out to a reasonable specification with a combination of marble tiled & carpeted flooring, suspended ceilings with inset luminaires and air conditioning. A single passenger lift operates over ground, first and second floor levels.

PLANNING HISTORY AND PLANNING PERMISSION FOR ADDITIONAL FLOOR

3rd January 1996

Planning permission was granted (ref. N02738H) for a change of use of part of ground floor from class B1 to banking hall (A2).

11th September 1996

Planning permission was granted (ref. N02738J) for a side extension and an additional level of offices to be constructed providing the same amount of space as the existing second floor i.e. c. 265 sq m (2,850 sq ft) net area, increasing the size of the building by a third. As the side extension has been completed, and as Barnet Council have confirmed, 'the development has commenced and the permission has begun, allowing the fourth-storey to be implemented at any time'.

13th January 2004

A further planning permission was granted (ref. C02738N/03) for 'elevational changes to new fourth-storey floor to provide additional office floorspace pursuant to planning ref. C02738J granted 11.09.96'. The planning officer's report for this application confirms the 1996 permission for the extra storey can be implemented at any time.

Terms

Freehold for sale with vacant possession

Rateable value: £111,000

Estimated Rates Payable: £54,723 per annum

Service charge: N/A

Local authority: London Borough of Barnet


Property reference: 24399 Updated: 18 Aug 2021