For Sale
On behalf of ADMINISTRATORS
31-33 Dagmar Road
STROUD GREEN, LONDOn, N4 4NY
A new build freehold investment opportunity comprising 6 x 2 bedroom
apartments.
Planning permission was granted at appeal in January 2020 (Ref: HGY/2019/0989) for the “demolition of existing buildings and erection of a 3-storey building (with basement level) containing 6 self-contained residential units”.
A further planning permission (Ref: HGY/2021/2968) was granted in 2021 for internal alterations and the removal of the basement.
The scheme comprises 6 x 2 bedroom private apartments arranged over ground to second floor and offers a total net saleable area of 412 sq. m. (4,435 sq. ft.). All apartments benefit from private outdoor space.
Situated 650 metres (0.4 miles) from Harringay Station (National Rail).
Understand the estimated rental value (ERV) for the 6 units to be in the region of £154,000 per annum.
We are guiding offers in excess of £2,000,000 which reflects a 7.7% gross yield based off the ERV and £451 per square foot on the capital value.
