From
£20,000
Property for saleHolden Avenue, London N12
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Auction
About this property
Freehold Ground Rent Investment with Added Value Potential (STC)
Comprising 11 flats with garages, all sold off on long leases
Well located in North Finchley within the London Borough of Barnet
Potential for upward extension/additional residential accommodation (STC)
VAT not applicable
Investment let at £750 p.a.
Strapline
Auction Sale - 03/11/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Freehold Ground Rent Investment comprising 11 flats and garages, producing £750 p.a., with potential for upward extension and further residential development (STC)
Description
The property is arranged to provide 11 flats and garages all sold on long leases.
Location
The property is situated on Holden Avenue in North Finchley, within the London Borough of Barnet, in an established residential area predominantly comprising houses and purpose-built flats. North Finchley town centre is nearby and provides a good range of shops, restaurants, cafés and other local amenities. The property is also well placed for the amenities of Woodside Park, Whetstone and Totteridge and for access to the wider North London road and public transport network.
Transport
Underground Woodside Park Underground Station (Northern Line) is the nearest station and is located within close proximity.
Bus Local bus services operate throughout North Finchley, with stops on Nether Street and the surrounding roads.
Road The property is well positioned for access to the wider North London road network.
Tenancy
The property comprises 11 flats, each with a garage, all sold on long leases. Flats 1,4 and 6 are held on 125-year leases from 29 September 2001; Flat 2 is held on a 150-year lease from the same date; and Flats 3 and 5 and Flats 7–11 are held on leases of approximately 189 years from June 1979.
Flats 1,2,4,5 and 6 each produce a ground rent of £150 per annum, providing a total current income of £750 per annum. The remaining flats are subject to a peppercorn gorund rent.
Planning
The property may offer potential for upward extension through the addition of a further storey, potentially providing additional residential accommodation, subject to all necessary consents and structural considerations. Prospective purchasers should make their own enquiries with the London Borough of Barnet regarding the planning potential of the property. Barnet’s published guidance specifically recognises upwards extensions as a form of development that may require planning permission or prior approval. Prior approval - Barnet Council
Auction Sale - 03/11/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Freehold Ground Rent Investment comprising 11 flats and garages, producing £750 p.a., with potential for upward extension and further residential development (STC)
Description
The property is arranged to provide 11 flats and garages all sold on long leases.
Location
The property is situated on Holden Avenue in North Finchley, within the London Borough of Barnet, in an established residential area predominantly comprising houses and purpose-built flats. North Finchley town centre is nearby and provides a good range of shops, restaurants, cafés and other local amenities. The property is also well placed for the amenities of Woodside Park, Whetstone and Totteridge and for access to the wider North London road and public transport network.
Transport
Underground Woodside Park Underground Station (Northern Line) is the nearest station and is located within close proximity.
Bus Local bus services operate throughout North Finchley, with stops on Nether Street and the surrounding roads.
Road The property is well positioned for access to the wider North London road network.
Tenancy
The property comprises 11 flats, each with a garage, all sold on long leases. Flats 1,4 and 6 are held on 125-year leases from 29 September 2001; Flat 2 is held on a 150-year lease from the same date; and Flats 3 and 5 and Flats 7–11 are held on leases of approximately 189 years from June 1979.
Flats 1,2,4,5 and 6 each produce a ground rent of £150 per annum, providing a total current income of £750 per annum. The remaining flats are subject to a peppercorn gorund rent.
Planning
The property may offer potential for upward extension through the addition of a further storey, potentially providing additional residential accommodation, subject to all necessary consents and structural considerations. Prospective purchasers should make their own enquiries with the London Borough of Barnet regarding the planning potential of the property. Barnet’s published guidance specifically recognises upwards extensions as a form of development that may require planning permission or prior approval. Prior approval - Barnet Council
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