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properties

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74 Queens Crescent, Kentish Town, London NW5 4EB

Offers in excess of £800,000

Freehold development opportunity with planning permission to create one retail unit and five apartments

Mixed-use development

1 retail unit and 5 residential apartment

Sought-after North West London location

Freehold

Offers in excess of £800,000

Description

The existing property is a corner site and comprises a three-storey building with a vacant retail unit at ground floor level and a four bedroom maisonette on the upper floors. The property now benefits from planning permission to demolish the existing structures and to create a retail unit over ground and basement and five residential apartments.

Location

The property is located at the junction of Queens Crescent and Bassett Street within the London Borough of Camden. Queens Crescent is situated within one of London’s oldest street markets, which is held every Thursday and Saturday. The shopping facilities of Camden Town, Chalk Farm and Hampstead are only a short distance away.

Transport

The location is within close proximity to Kentish Town, Chalk Farm and Belsize Park tube stations on the Northern Line, and Kentish Town West overground station is also close by.

Planning

Planning permission is recommended subject to a S106 Legal Agreement for the redevelopment of the site to provide a three storey plus basement building comprising retail unit at ground and basement floors and 5 residential units, (2 x 2 bedrooms and 3 x 1 bedroom apartments) following the demolition of the existing three storey building.

VAT

VAT is applicable on the commercial element.

Terms

Offers are invited in excess of £800,000 Subject to Contract for the freehold interest.

Additional information

Copies of the existing and proposed planning drawings, decision notice and Section 106 agreement are available upon request.

Please note the information provided by Highfield Investments London Limited, trading as Highfield Investments has been given in good faith, however all parties must undertake their own due diligence to satisfy themselves in regards to accuracy.