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Lot 9 Click here for addendum

Freehold Residential Investment/Development Opportunity
6 Week Completion

Situation

Located within this residential street that connects both the Hendon Way (A41) and Vivian Avenue and being within easy walking distance to local shopping facilities and Hendon Central Underground Station (Northern Line).
Hendon is a sought after north-west London suburb being approx. 8 miles from central London and benefitting from easy access to the M1 (Junction 2), the A406 North Circular Road and Brent Cross Shopping Centre.

Property

A Detached House planned on ground and first floors together with a Loft, a front garden and a rear garden.
The house comprises:

Ground Floor:
Entrance Hall, 2 Rooms,
Conservatory, Kitchen/Diner,
Utility Room, sep. WC
First Floor:
Hall, 4 Rooms,
Bathroom/WC with Shower Cubicle

Total GIA Approx. 1,840 sq ft¹

¹Area supplied by Vendor.

VAT is NOT applicable to this Lot

FREEHOLD

Planning

Planning Permission was granted by the London Borough of Barnet on 21st October 2019 (now lapsed) ‘Demolition of No.29 Neeld Crescent and alterations to side elevation fenestration to No.27 Neeld Crescent. Erection of two-storey building including excavation and creation of a lower ground floor level and mansard roof with rooms in the roofspace to provide 7no self-contained flats with a combined GIA of approx. 5,418 sq ft. Provision of 7 parking spaces, amenity space, cycle storage and refuse and recycling storage. Associated alterations to hard and soft landscaping.' Amendments include addition of two parking spaces below ground floor level for a total provision of 9no parking spaces.
Planning Documentation and Floor Plans are available in the Legal Pack.

Note 1: A Purchaser may decide to pursue an alternative scheme of fewer, but larger flats with an appropriately reduced number of car spaces.

Note 2: The property also lends itself to use as a single dwelling house and creating additional accommodation in the Loft, subject to obtaining possession and the necessary consents.

Note 3: The adjoining property (No. 27) is also being offered for sale in this auction - see Lot 10.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

29 Neeld Crescent, Hendon, London NW4 3RP