This is a unique opportunity to acquire a Freehold property that includes garden land at the rear, presenting potential for development subject to planning permission. Located behind a Victorian house with three separate flats, the site is situated on a tranquil residential street just a short stroll from Wood Green Tube station (Piccadilly Line) and the vibrant Wood Green Shopping District, which boasts a variety of shops, cafes, and restaurants. It’s important to note that the seller will not consider planning or pre-planning discussions prior to sale; the property must be sold as is and without any existing planning permissions. The Freehold encompasses three leasehold flats: a ground floor garden flat, a first floor flat, and another on the second floor. The top two flats benefit from long leases exceeding 120 years, while the ground floor flat has just under 50 years remaining on its lease, with an extension cost currently set at £78k for the leaseholder. All three flats have been notified about their share of freehold opportunities but have shown no interest in purchasing. The total annual ground rent collected amounts to £50. This property offers substantial refurbishment potential for developers looking to maximize its value in a sought-after area.
