No longer on the market
This property is no longer on the market
MapResidential development
Auction
Residential development
Key information
Tenure: Leasehold | 51 yrs left
Council tax: Ask agent
Broadband: Ultra-fast 900Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
Please refer to auctioneer for more informationGuide Price = £500,000+
*For Sale By Online PublicAuction 28th May 2025 09:30 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Well Located Development Opportunity (Subject to Freeholder's Consent) Comprising a Roof Space with Planning Permission for an Additional Single Storey Extension to Create Four Additional Penthouse Flats. Further Redevelopment Potential (Subject to Obtaining Relevant Consent)
Tenure
Head Leasehold. The property is held on a 99 year lease from 29th September 1977 (thus approximately 51 years unexpired).
Location
The property is situated in the highly sought after area of St Johns Wood close to local shops and amenities. The open spaces of Regent's Park are within easy reach. Transport links are provided by Maida Vale underground station (Bakerloo line) and Kilburn High Road overground station.
Description
The property comprises the roof space above the existing building which is currently arranged over ground and seven upper floors. The lower ground floor, currently used as boiler rooms, offers additional scope for conversion or redevelopment, subject to all relevant consent.
Note
The proposed development requires freeholder's consent which the incoming buyer will need to obtain if they wish to develop the roof space. Freeholder information as well as the ground rent schedules and full planning documentation will be available in the legal pack.
The property has not been inspected by Auction House London. All information has been supplied by the vendor.
Note
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
PlanningWestminster City Council granted the following planning permission (ref: 21/04039/FULL) in June 2023: 'Erection of mansard roof extension with green roof and lift overrun with communal satellite dish, 4 rooftop air source heat pumps within green wall enclosure with bird and bat boxes, in association with the provision of four additional residential flats and associated cycle and waste storage at basement level. (Re-Consultation on revised scheme with revised 8th floor and roof plans, daylight and sunlight letter and new fire strategy)'
There are no internal viewings
*For Sale By Online PublicAuction 28th May 2025 09:30 AM. To inspect the legal documents for this property go to our website to download the legal pack*
A Well Located Development Opportunity (Subject to Freeholder's Consent) Comprising a Roof Space with Planning Permission for an Additional Single Storey Extension to Create Four Additional Penthouse Flats. Further Redevelopment Potential (Subject to Obtaining Relevant Consent)
Tenure
Head Leasehold. The property is held on a 99 year lease from 29th September 1977 (thus approximately 51 years unexpired).
Location
The property is situated in the highly sought after area of St Johns Wood close to local shops and amenities. The open spaces of Regent's Park are within easy reach. Transport links are provided by Maida Vale underground station (Bakerloo line) and Kilburn High Road overground station.
Description
The property comprises the roof space above the existing building which is currently arranged over ground and seven upper floors. The lower ground floor, currently used as boiler rooms, offers additional scope for conversion or redevelopment, subject to all relevant consent.
Note
The proposed development requires freeholder's consent which the incoming buyer will need to obtain if they wish to develop the roof space. Freeholder information as well as the ground rent schedules and full planning documentation will be available in the legal pack.
The property has not been inspected by Auction House London. All information has been supplied by the vendor.
Note
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
PlanningWestminster City Council granted the following planning permission (ref: 21/04039/FULL) in June 2023: 'Erection of mansard roof extension with green roof and lift overrun with communal satellite dish, 4 rooftop air source heat pumps within green wall enclosure with bird and bat boxes, in association with the provision of four additional residential flats and associated cycle and waste storage at basement level. (Re-Consultation on revised scheme with revised 8th floor and roof plans, daylight and sunlight letter and new fire strategy)'
There are no internal viewings
About this agent
Auction House London is the largest branch of the Auction House UK brand. Auction House holds more auctions annually than any other firm of auctioneers in the UK and sold 4,957 properties throughout 2018 – over 1,000 properties more than our closest rivals. Co-founded by Andrew Binstock and Jamie Royston in 2011, Auction House London has grown year on year in its relatively short history to become one of the top 5 residential property auctioneers in the UK. We adopt a modern and dynamic approach to offering high quality auction facilities to both corporate and independent sellers and buyers. We firmly believe in the importance of extensive online marketing campaigns in addition to the traditional offline methods. Our forward thinking approach to auctions has been regularly applauded and we are very proud to be recognised as offering extremely high levels of customer service to all of our clients. With a proven track record in residential and commercial investments and property auctions, the team offers a fresh and energetic approach to their auctions, providing a quality service that achieves the right results for all parties.