Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
A freehold site approximately 0.112 acres, comprising 16 single lock-up garages and a small sub-station.
The site is served by a rectangular concrete area of hardstanding (which sits between the two terraces of garages).
An electricity substation lease is registered against the property (title number EGL607056), dated 18 February 1970. Although the lease formally expired on 23 December 2023, it continues under the statutory provisions until terminated by either party. The current passing rent is £1 per annum.
We understand that there is an option to serve a Section 25 notice to formally terminate the existing lease and either propose terms for a new lease or negotiate relocation of the substation.
Tenure
Freehold.
Planning
The site has no relevant planning history, however, a positive pre-application response was received supporting residential development.
An indicative scheme was prepared to for the construction of 3 x 4B7P houses.
Each house will benefit from a private amenity space.
The total proposed NSA is approximately 402 sqm (4,326 sqft).
Please note that all the relevant information relating to the proposed scheme and the pre application is in the data room.
Notes
Joint Agent:
Sam Bacon
Senior Associate
0203 196 2413
07530 961 373
sam.bacon@glpg.co.uk
Max Appleby
Associate
0203 196 2414
07760 108 640
max.appleby@glpg.co.uk