22 Palace Road, London, N11 2PR
2,696 Sq Ft / Other
For Sale
- £750,000.00
Under Offer - Last updated: 12 April 2024
Summary
The property has been owned by a family-operated medical services provider and is now for sale for the first time in nearly 20 years. The principal building is arranged over two generous floors, the plot also accommodates two further outbuildings and yard space accessed through the main property. The site offers a purchaser an exciting ground-up development scheme to maximise the value of the existing site, in a wholly residential area. The Freehold is offered for sale with Vacant Possession.
Key Points
Opportunity to create a number of residential units (STTP).Previously used for medical purposes.Arranged over two floors with ancillary rear structures.Highly sought after Bounds Green location.Approximately 0.075 Acres (273 sq m)
Transport
Transport
The property has excellent local transport connections, this is demonstrated via an excellent PTAL rating of 5.
Bus - The nearest bus stop is Palace Road (Stop BL). It is located 100m away or approximately 2 minutes walking distance.
Tube - The nearest tube station is Bounds Green. It is located 200m away or approximately 6 minutes walking distance.
Train -The nearest station is Bowes Park. It is located 0.5km away or approximately 10 minutes walking distance.
Executive Summary
• Unconsented Bounds Green development opportunity to create a number of (C3) residential units, subject to securing the necessary planning consents.
• Existing site comprises of a principal two-story building with two additional low-rise structures. (Use Class B2).
• Located on Palace Road, the site is 0.2 miles from Bounds Green Underground Station (Piccadilly Line), the property has an excellent PTAL rating of 5.
• The total site measures approximately 0.075 Acres (273 sq m).
• The Freehold is for sale with Full Vacant Possession.
Location
Palace Road is located within a short walking distance of the Piccadilly Line via Bounds Green and two National Rail stations; Alexandra Palace & Bowes Park. These stations provide direct access to many of London’s famous landmarks, universities and office hubs. Commuters can be at the employment hubs of Kings Cross in 14 minutes, the City of London in 20 minutes and Canary Wharf in under 40 minutes. London’s international airports are accessible within an hour.Terms
TITLE & TENURE: The Freehold is offered for sale with Vacant Possession. Title Number: EGL304631
RATEABLE VALUE: £21,750 (We strongly advise purchasers to verify this with the local authority: (London Borough of Haringey).
METHOD OF SALE: The site will be sold by way of informal tender (unless sold prior). Further details will be provided in due course.
EPC: E (125)
VAT: TBC.
LOCAL AUTHORITY: London Borough of Haringey
LEGAL COSTS: Each party is to pay their own legal costs.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£750,000.00
| NA |
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