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From

£6,000,000

(£715/sq. ft)

Land for sale Netherhall Gardens, London NW3

3 beds
1 bath
1 reception
8,396 sq. ft
  1. Property photo 1 of 5. Picture No. 01

Points of interest

Property location

Nearby amenities

  • Southbank International School0.1 miles
  • St Mary's School0.1 miles
  • Finchley Road & Frognal0.2 miles
  • Finchley Road0.2 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Investment and Development Opportunity
  • 19th Century residential property
  • 5 residential apartments producing an income of £84,0000
  • Planning consent for 4 additional apartments
  • Total gia including proposed development 8,396 sqft
  • Freehold for sale
  • Offers in Excess of £6,000,000
The property dates back to the late 19th Century, it is a four storey building including a lower ground and raised ground floor. The main building comprises 4 spacious apartments and there is a further apartment in the extension building, a total gia of 5,217 sqft excluding store, storage and garage space. There are 4 x 3 bed and 1 x 1 bed in the existing property.
Netherhall Gardens comprises a total size of approximately 0.22 acres (0.087 hectares). Built in the late 19th Century, the property has brown brick elevations, a pitched roof and large dormer windows. There is off-road parking at the front of the property and a sloped communal garden to the rear. There is refurbishment potential within the existing property to generate income far in excess of what the asset already derives.
The property is for sale with the benefit of the existing rental income at circa £84,000 per annum.

Planning Potential
Planning permission 2019/1515/P to demolish the 1950s extension, comprising a one bedroom flat and a garage and the construction of a four storey building with four new apartments.
The proposed scheme has careful consideration to the site context and the Fitzjohns / Netherhall Conservation Area characteristics, drawing similar design to the surrounding buildings. The residential dwellings will benefit from private outdoor amenity space as well as the use of the communal garden to the rear of the property. The proposal provides a net saleable area of 3,810 sq ft across the four apartments, an uplift from the 499 sqft unit that is set to be demolished. The scheme has been approved with no affordable units.
The accommodation in the proposed scheme is arranged over basement and three further floors and comprises:
Ground floor: Apartment 1 living area accessed via the communal entrance and a separate access to Apartment 2 which has a terrace at the rear of the property.
Basement: Two bedrooms connected via internal staircase to Apartment 1.
First floor: Apartment 3 accessed via the communal hallway with a terrace to the rear.
Second floor: Communal staircase leading to Apartment 4 and the private roof terrace.

Location
26 Netherhall Gardens is located in Hampstead within the London Borough of Camden, between Finchley Road and Fitzjohn’s Avenue. The property is perfectly situated within Hampstead between Hampstead Heath and Regents Park. Hampstead has long been popular amongst the musical, artistic and academic community, and is known for its restaurants and quaint village. Hampstead Heath is renowned for its swimming ponds, city views from Parliament Hill and woodland.
The site is well accessed by public transport with Finchley Road Underground Station, Finchley Road and Frognal Station approximately a 7 minute walk away. Finchley Underground Station is served by the Jubilee and Metropolitan Lines which provide excellent links to Central London. By overground rail, there are eastbound services to Stratford or westbound services to Clapham Junction and Richmond.
Netherhall Gardens is a quiet tree lined residential road, providing direct access to the A41 which connects southwards to Marylebone Road and northwards to the beginning of the M1 . There are a number of local buses which provide access to Finchley Road, Hampstead High Street and Central London.

Viewings
Viewings should be organised through Colliers or Goldschmidt & Howland by prior appointment only. As there are residential tenants on site it is expected that there will be block viewing days with dates to confirmed in due course.<br /><br />

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Colliers International Residential

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