Development
properties
Lily Mews, Bowes Road, Palmers Green, London N13 4NP
Highfield invite offers in the region of £1,600,000 subject to contract.
Freehold development opportunity with planning permission for 9 apartments
Planning permission to construct 9 apartments measuring 584m2 / 6,291ft2
Site area measures approximately 0.07ha
Revised application for alternative design submitted
Potential for a further floor subject to gaining consent
0.5 miles to Bounds Green Underground Station
0.7 miles to Arnos Grove Underground Station
0.8 miles to Palmers Green Station
Offers in the region of £1,600,000
Site Description
The existing is currently occupied by a number of lock up units and garages which have fallen into a state of disrepair. The site now benefits from planning permission for construction of a part two, three and four-storey building comprising 9 residential units (5 x 1 bed, 3 x 2 bed and 1 x 3 bed) extending to approximately 584m2 / 6,291ft2. Parking for four cars is provided, along with cycle storage for 16 cycles.
Location
Bowes Road is located in Palmers Green within the London Borough of Enfield. Green Lanes is a short walk from the property and is known throughout London for its plethora of multicultural restaurants. For shopping, Friern Barnet Retail Park is a 5-minute drive and Brent Cross Shopping Centre is a 15-minute drive. The property is within 0.5 miles of Bounds Green Junior School, St Anne’s Catholic High School for Girls and St Thomas More Catholic School, all rated outstanding by Ofsted.
Transport
Arnos Grove station (Piccadilly Line) is a 9-minute walk away with trains into Piccadilly Circus taking 28 minutes. Palmers Green station (Great Northern) and Bounds Green station (Piccadilly Line) are both also a short walk away with trains into Moorgate taking approximately 20 minutes. The North Circular and A10 are within close proximity to the property, which provide accessible links in and out of London. The A111 through Southgate also gives you access to junction 24 of the M25.
Planning Permission
Full planning permission was granted on the 27th February 2019 under the planning reference 18/00132/FUL for demolition of the existing garages the construction of a four-storey building comprising nine residential flats, with associated amenity space, car and cycle parking, refuse storage and landscaping.
Buyers Note
There is another 9 unit planning application with a reconfigured layout which is currently awaiting approval and available within our further information pack. There is the potential for an additional floor subject to gaining the necessary planning consent.
Financial Contributions
The property is liable for a Mayoral CIL and Enfield Council CIL of approximately £83,467.
Tenure
Freehold with vacant possession.
VAT
We understand that VAT is applicable.
Additional Information
Planning documents, floor plans and other related documents can be provided in the form of a further information pack.
Viewings
The property can be adequately viewed from the public highway in the first instance.
Terms
Highfield invite offers in the region of £1,600,000 subject to contract.
Schedule
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.