0 bed Retail premises (for sale) Mixed Use Development Opportunity, Barnet EN5

£7,000,000
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Glance Property
662 High Road, London
020 3641 8885
First Published

15th Oct 2020

Last Published

17th Oct 2020

 

Features

  • Type: Retail premises
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description



Located within the Hadley Manor Trading Estate, towards the eastern end of Moxon Street on its southern side.

The total floor area of the existing building is 2,697 sq.m. (29,030 sq ft) over three stories with a building footprint of 1,361 sq.m. And plot size of approximately 2,173 sq.m.

An internal access road is routed around the other three sides of the building. Due to the steep gradient of this part of Moxon Street, the road frontage varies between one and three stories in height on its street frontage.

The ground floor consists mainly of access into the building on its eastern side, together with a sheltered loading / unloading area which is beneath the projecting first and second floors at the eastern end of the building.

The habitable areas of the building are the first and second floor, and due again to the gradient of the street, both have separate street level entrances.

At roof / third floor level there is currently a large roof lantern / clerestory window structure (measuring approximately 40m in length, 7.5m wide and 1.8m in height). This serves to provide natural light to the second floor below.

The site is immediately adjacent to, although outside, the Chipping Barnet Town Centre boundary, and is located 230m from the High Street and just under 800m from the High Barnet Northern Line station. Also nearby is the Wood Street Conservation Area, which takes in much of the High Street and adjacent areas, with its closest point approximately 75 metres from the application site.

While the portion of Moxon Street immediately adjacent to the town centre is in a mix of residential and business uses, the approaches to the application site along the central part of Moxon Street is more predominantly residential. 48A Moxon Street is the closest residential property, located on the southern side of Moxon Street immediately west of the application site, while 39 Moxon Street and 8 - 18 South Close are located on the opposite (northern) side of the street. Hornbeam Court and Blackthorn Court are two x four storey apartment buildings directly to the south of the site, taking their access from Laburnum Close.

Also within the Trading Estate boundaries, Hadley Wood Hospital adjoins the site on its eastern side, and there are two commercial properties beyond that, adjacent to the eastern end of Moxon Street (a car dealership and Howdens Joinery).

The existing building is currently vacant and the lawful use of the site is B8 (storage and distribution). Planning permission was granted in July 2017 for change of use to B1 business use, although this has not yet been implemented.




Additional storey at third floor level to provide 7 x 2 bed self-contained flats with terrace areas along with associated cycle store, refuse and recycling store.

The final scheme can be described as follows:

The existing roof lantern / clerestory window structure (measuring approximately 40m in length, 7.5m wide and 1.8m in height) would be removed.

The proposed additional storey comprising 7 x 2 bed flats would measure approximately 49m in length, 10m wide with a maximum height of 3.5m.

The additional storey would be set in from the original building below by approximately 4m at the front (north) and east elevations, approximately 7m from the rear (south) elevation and approximately 6m from the west elevation.

Access would be via the existing second floor entrance from Moxon Street where the existing staircase will be extended upwards and a lift added. The second floor entrance would provide a lobby along with internal refuse/recycling and bicycle stores.

7 flats are proposed (total 24 habitable rooms) as follows:

Flat 1 - 76 sq m (2b, 4p over 1 storey, 4 habitable rooms) Terrace 20 sq m

Flat 2 - 62 sq m (2b, 3p over 1 storey, 4 habitable rooms) Terrace 17 sq m

Flat 3 - 61 sq m (2b, 3p over 1 storey, 3 habitable rooms) Terrace 15 sq m

Flat 4 - 61 sq m (2b, 3p over 1 storey, 3 habitable rooms) Terrace 15 sq m

Flat 5 - 61 sq m (2b, 3p over 1 storey, 3 habitable rooms) Terrace 15 sq m

Flat 6 - 65 sq m (2b, 3p over 1 storey, 4 habitable rooms) Terrace 20 sq m

Flat 7 - 70 sq m (2b, 4p over 1 storey, 3 habitable rooms) Terrace 56 sq m

 

Local info for EN5

Floor plan

 

Property Value Data/Graphs for EN5

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 30.1% £387,445 1.8 1.2
Detached house 18.5% £1,379,307 4.5 2.5
Semi-detached house 17.6% £843,014 4 2
Other 11.9% £831,475 3.2 2
Terraced house 7.4% £601,246 2.8 1.5
Maisonette 4.5% £376,497 1.9 1.1
End terrace house 3.1% £643,182 3.4 1.7
Bungalow 1.4% £914,000 2.8 1
Land 1.1% £1,717,500 2.5 2.5
Detached bungalow 1.1% £775,000 2.3 1.3
Town house 0.9% £570,000 4 1
Leisure/hospitality 0.9% £160,000 1.7 1
Cottage 0.6% £918,975 3 1.5
Studio 0.6% £182,473 0 1
Link-detached house 0.3% £650,000 3 2

Area Information

Average Price Paid

£576,541

Sales

3383

Current Average Value

£756,327

Value Change

£179,786 31.2%

 

Current Asking Prices in EN5 Average: £756,327

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £241,445 (10) £532,857 (29) £719,671 (49) £921,183 (76) £1,260,869 (46)
Flats £273,918 (37) £395,767 (68) £590,941 (17) - -
All £267,008 (47) £436,753 (97) £686,514 (66) £921,183 (76) £1,260,869 (46)

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