For Sale
On behalf of private client
Monarch Point
45-47 FRIERN BARNET ROAD, LONDON, N11 3EG
a newly constructed five-storey building comprising 31 private apartments.
The development which is due for practical completion by the end of April 2025 comprises 31 private self-contained residential units.
Planning permission was originally granted in May 2023 (Ref: PP: 1/6002/FUL) for the “demolition of existing building and redevelopment of the site to provide a new five-storey building comprising 32 self-contained residential units with car and cycle parking”, however, a non-material amendment (Ref: NMA: 23/3558/S73) was granted which reduced the scheme to 31 self-contained units.
The 31 residential apartments are arranged as 18 x 1 bedroom, 8 x 2 bedrooms, 5 x 3 bedrooms and offer a total net saleable area of 1,941 sq. m. (20,893 sq. ft.).
We believe the estimated rental value (ERV) for the 31 residential units to be in the region of £750,000 per annum.
For Sale Freehold with vacant possession.