Property for sale in Manor Gardens, London N7

From £750,000
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Property for sale

Tenure:
Not available
Council tax band:
Not available

Utilities and more details

Property features

  • To be offered on Tuesday 23 July
  • Of interest to investors and developers
  • A long head leasehold (250 years) reversionary investment secured upon part of the ground floor and basement portions of this landmark building
  • Currently arranged as community and ancillary accommodation
  • Single sub-lease expiring 2027 (but subject to any rights to renew under the Landlord and Tenant Act 1954)
  • Arranged in five parts, the majority sub-under-leased to charities in occupation
  • Total approximate gross internal floor area (gia) 598 sq m (6,427 sq ft)
  • Potential upon reversion for conversion to residential apartments (subject to possession and requisite consents) or to receive occupational income from existing accommodation (see schedule)

Property description

Strapline

Auction Sale - 23/07/2024

Of interest to investors and developers - A reversionary charity investment with potential for residential development (subject to the requisite consents)

Description



The Beaux Arts Building is a handsome former office building which was completed in 1911 and built to house the gpo Money Order Office. The building was converted to flats in the 1990’s and a penthouse storey added.

The property comprises part of the ground floor of the building at its eastern extremity along with a lower ground floor conference room. Internally the accommodation has been divided into separately occupied spaces, some of which have in turn been sub-divided to provide consulting rooms, offices and reception areas. Windows from the eastern elevation overlook a courtyard.

The main entrance to the subject property is at the eastern end of the building directly from Manor Gardens. There is disabled ramp access from the street.

There is a separate main entrance from Manor Gardens exclusively serving the apartments which leads to an impressive entrance lobby.

Location



Manor Gardens is located off the east side of Holloway Road to the south of Archway Road and to the north of Seven Sisters Road. The area offers an excellent range of amenities including supermarkets, restaurants, pubs and bars. Open spaces are provided by Whittington Park, Tufnell Park Fields and Highbury Fields. Hampstead Heath and Highgate Woods are also easily accessible. The Emirates Stadium (home to Arsenal fc) is around a mile to the south.

Transport



The location has excellent connectivity with nearby Underground Stations including Holloway Road (Piccadilly Line) and Finsbury Park (Piccadilly and Victoria Lines), as well as National Rail services from Finsbury Park and Upper Holloway Overground.

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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