Residential development for sale
Property description & features
- Tenure: Freehold
- Freehold Investment / Development Opportunity
- An opportunity to acquire the freehold interest in a high yielding property.
- The asset is subject to a 5 year lease, at a rent of £500,000pa.
- The property extends to approximately 11,162 sqft / 1,037 sqm (GIA).
- The site presents a variety of development opportunities subject to consents.
*Freehold Investment / Development Opportunity*.
Astrale House is configured to provide 40 ensuite bedrooms, a kitchen, staff room and office space across two floors, in which the first floor is served by a staircase and lift, providing a total floor area of 11,162 sqft / 1,037 sqm of accommodation (GIA).
The property also benefits from a large south facing garden to the rear and carriage driveway to the front, providing off-street parking.
The property is currently used as a sheltered accommodation (C2 use), and is subject to a 5-year lease, from February 2024 at a rent of £500,000 per annum.
Astrale House is located on Nether Street, North Finchley, in the London Borough of Barnet.
North Finchley is a popular and established suburb of north London, which benefits from excellent amenities, green spaces and strong transport links across London.
Situated in London travel Zone 4, Woodside Park underground station is a short walk away (c. 1km) from the property and served by the Northern Line, providing regular services to Central London in c.25 minutes. Tally Ho main bus terminal is a few hundred metres away.
The neighbouring high street (Tally Ho Corner), provides residents with a variety of local amenities schools, cafes shops – including Waitrose, Tesco and Aldi, bars as well as the Arts Depot with its theatre, gallery and dance studio.
The property is in close proximity to a range of green spaces, including Friary Park, Dollis Valley Greenwalk, Finchley Golf Course and Stephens House and Gardens.
If you require any further information or wish to arrange a viewing please contact a member of our team today.
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Property reference 28250314. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Jeremy Leaf & Co - Residential Development.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
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Energy Performance data and Internal floor area
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