Property photos
Just added
Freehold
Guide price
£1,150,000
Property for sale
High Road, East Finchley N2Local area information
Property location
Nearby amenities
- The Archer Academy 0.2 miles
- Holy Trinity CofE Primary School 0.2 miles
- East Finchley 0.2 miles
- Highgate 1.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for East Finchley, Bishops Park and Finchley to find out more about the local area.
Features and description
- Freehold
- Freehold
- Development Opportunity
- Total current gia 2,560 Sq.Ft (237.8 Sq.M)
- One active planning permission & one ammendment - verdict expected imminently
- Planning permission for 6 residential units - (23/1660/ful)
- Planning permission for 3 residential units - (Ref: 25/2002/ful)
- Cil payments due : Circa £52,453
Commercial Unit:
The commercial unit occupies the basement and ground floor and is currently underlet, generating £17,500 per annum on a monthly license. The current tenants have been in place for over 15 years. The sellers are engaging with them regarding long-term plans to sell, as they are keen to formalize the agreement. There is potential for the tenants to operate with a smaller footprint, so the post-development space could also be a viable option.
Residential Unit:
The first floor is occupied by a large one-bedroom flat which is currently vacant and in need of modernisation, extending to approximately 720 sqft (NIA). The second floor comprises a large one-bedroom flat, approximately 652 sqft (NIA), currently let to an assured tenant producing £15,000 per annum. The next rent review is due in November 2025. The tenant inherited possession from their mother, who was also a regulated tenant.
Planning Options
Option 1:
Planning was submitted on 13th May 2025 (Ref: 25/2002/ful) for the demolition of the rear storage building, rear steps, and landing. This includes construction of a side and rear extension to the existing rear outrigger, excavation of the basement below, and a mansard roof extension with a front terrace to create an additional residential unit on the third floor. Associated cycle storage and amenity space are included.
This option would provide 3 additional units through excavation, rear extension, and roof extension, totaling approximately 1,480 sqft (NIA). It carries a smaller cil payment of approximately £48k.
Option 2:
Planning was approved subject to signing the S106 agreement on 4th December 2023 (Ref: 23/1660/ful) for conversion into 5 self-contained flats, including lower ground and ground floor rear extensions, following demolition of the existing rear storage building and rear access staircase, as well as first and second floor rear extensions. The proposal also includes alterations and an extension to the roof to create an additional storey on the third floor, while retaining the existing ground-floor shop and basement storage. This option would provide 4 additional units (including basement excavation, ground floor rear extension, first floor split and rear extension, and roof space extension), resulting in a total of 6 self-contained apartments with approximately 3,012 sqft (NIA). Commercial use of approximately 844 sqft (gia) on the ground and basement floors would be retained. Cil is expected to be around £52k, with confirmation pending.
Council tax band:
EPC Rating: D
Our China Desk is here for you, if Chinese is your preferred language, please get in touch via WeChat (s-ChestertonsAPAC)
The commercial unit occupies the basement and ground floor and is currently underlet, generating £17,500 per annum on a monthly license. The current tenants have been in place for over 15 years. The sellers are engaging with them regarding long-term plans to sell, as they are keen to formalize the agreement. There is potential for the tenants to operate with a smaller footprint, so the post-development space could also be a viable option.
Residential Unit:
The first floor is occupied by a large one-bedroom flat which is currently vacant and in need of modernisation, extending to approximately 720 sqft (NIA). The second floor comprises a large one-bedroom flat, approximately 652 sqft (NIA), currently let to an assured tenant producing £15,000 per annum. The next rent review is due in November 2025. The tenant inherited possession from their mother, who was also a regulated tenant.
Planning Options
Option 1:
Planning was submitted on 13th May 2025 (Ref: 25/2002/ful) for the demolition of the rear storage building, rear steps, and landing. This includes construction of a side and rear extension to the existing rear outrigger, excavation of the basement below, and a mansard roof extension with a front terrace to create an additional residential unit on the third floor. Associated cycle storage and amenity space are included.
This option would provide 3 additional units through excavation, rear extension, and roof extension, totaling approximately 1,480 sqft (NIA). It carries a smaller cil payment of approximately £48k.
Option 2:
Planning was approved subject to signing the S106 agreement on 4th December 2023 (Ref: 23/1660/ful) for conversion into 5 self-contained flats, including lower ground and ground floor rear extensions, following demolition of the existing rear storage building and rear access staircase, as well as first and second floor rear extensions. The proposal also includes alterations and an extension to the roof to create an additional storey on the third floor, while retaining the existing ground-floor shop and basement storage. This option would provide 4 additional units (including basement excavation, ground floor rear extension, first floor split and rear extension, and roof space extension), resulting in a total of 6 self-contained apartments with approximately 3,012 sqft (NIA). Commercial use of approximately 844 sqft (gia) on the ground and basement floors would be retained. Cil is expected to be around £52k, with confirmation pending.
Council tax band:
EPC Rating: D
Our China Desk is here for you, if Chinese is your preferred language, please get in touch via WeChat (s-ChestertonsAPAC)
Floor plans and tours
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More information
Listed by
Chestertons - Commercial (ChaseBuchanan)
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