Lot 42
    Maisonette
    15 Ash Grove
    Cricklewood, London, NW2 3LJ
    £625,000+
    Guide Price (plus fees)
    Number 1
    A Freehold Redevelopment Opportunity and Reversionary Ground Rent Investment Comprising a Semi-Detached Building Arranged as a Ground Floor Flat (Sold Off with 66 Years Unexpired on the Lease) and a First & Second Floor Four Bedroom Maisonette Offered with Planning Permission for Redevelopment to Provide a First Floor One/Two Bedroom Flat and a Second Floor One Bedroom Flat.

    Description

    The existing property comprises a semi-detached building arranged over ground and two upper floors. The property requires a program of refurbishment.

    Tenure

    Freehold

    Location

    The property is situated on a residential road a short walk from the shops and amenities of both Shoot Up Hill and Cricklewood Lane. The open spaces of Mapesbury Dell Park are within easy reach. Transport links are provided by Cricklewood rail station.

    Planning

    Barnet London Borough Council granted the following planning permission (ref: 18/2110/FUL) on 18th June 2018:
    'Conversion of the existing (upper) maisonette into 2 no self-contained flats. Roof extension involving rear dormer window (Amended Description)'

    Overflow

    Existing Accommodation
    Ground Floor Flat
    Two bedroom flat sold off on a 99 year lease from 25th March 1985 thus 66 years unexpired at a ground rent of £250 per annum (not inspected).

    Upper Maisonette
    First Floor
    Two Rooms
    Kitchen
    Bathroom

    Second Floor
    Two Rooms

    Proposed Accommodation
    First Floor Flat (521 sq ft)
    Reception Room/Dining
    Bedroom
    Bathroom

    Second Floor Flat (540 sq ft)
    Reception Room/Dining
    Bedroom
    Study/Bedroom 2
    Bathroom

    Viewing Details

    Open House Viewings:
    Monday 8th October 14:45-15:15
    Thursday 11th October 14:45-15:15
    Monday 15th October 14:45-15:15
    Thursday 18th October 14:45-15:15
    Monday 22nd October 14:45-15:15
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    Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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