Summary - High Road,
East Finchley, N2 N2 8AG
1 bed 1 bath Land
Large mixed‑use site with approved and pending planning for multiple flats.
Unbroken freehold on East Finchley High Road
A rare unbroken freehold on East Finchley High Road offering significant development upside in a busy local parade. Two separate planning routes are live: one approved subject to S106 for conversion to six apartments while retaining the ground-floor shop, and a newer application seeking three additional units via basement excavation and roof extension. Both routes present clear value-add potential for a developer or investor prepared to manage planning completion and build works.
The property currently generates rental income: a long-standing commercial licence producing £17,500 pa and a let first/second floor one‑bed producing £15,000 pa (next rent review November 2025). A vacant one‑bed requires modernisation. The building needs renovation throughout and benefits from period features, good broadband and excellent public transport links — East Finchley tube is a five-minute walk.
Buyers should note material costs and obligations: CIL is estimated at c. £48k–£52.5k depending on route, and the approved planning requires S106 completion. The site sits on a small plot in a high‑footfall location, with above‑average local crime reported. This is a straightforward pick for developers or investor-operators who can manage tenant conversations, complete S106, and deliver refurbishment or redevelopment to unlock value.
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