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Nice Place, 16 Compton Avenue, London N6 Freehold development opportunity.

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Page 1: Nice Place, 16 Compton Avenue, London N6 · 2021. 2. 17. · The opportunity. Nice Place, 16 Compton Avenue, London N6 • Freehold development opportunity located close to Hampstead

Nice Place, 16 Compton Avenue, London N6Freehold development opportunity.

Page 2: Nice Place, 16 Compton Avenue, London N6 · 2021. 2. 17. · The opportunity. Nice Place, 16 Compton Avenue, London N6 • Freehold development opportunity located close to Hampstead

Red line is indicative only.

Page 3: Nice Place, 16 Compton Avenue, London N6 · 2021. 2. 17. · The opportunity. Nice Place, 16 Compton Avenue, London N6 • Freehold development opportunity located close to Hampstead

The opportunity.Nice Place, 16 Compton Avenue, London N6

• Freehold development opportunity located close to Hampstead Heath

• Private location at the end of a barrier controlled cul-de-sac

• Full planning permission granted for a new 6 bedroom detached house extending to 18,111 sq ft GIA and a separate art studio pavilion

• An extended basement will provide underground car parking and leisure facilities including a cinema, gym and swimming pool

• Planning application submitted for an alternative enhanced scheme with increased width, depth and height and a double basement

• Site extends to c.0.89 acres (0.36 hectares)

Page 4: Nice Place, 16 Compton Avenue, London N6 · 2021. 2. 17. · The opportunity. Nice Place, 16 Compton Avenue, London N6 • Freehold development opportunity located close to Hampstead

LocationNice Place is located in Highgate within the London Borough of Haringey. It sits at the northern end of Compton Avenue, a prestigious private cul-de-sac with barrier controlled access from Hampstead Lane. The green open space of Hampstead Heath is a 3 minute walk to the south of the property and the shops, bars and restaurants of Highgate are a 15 minute walk to east.

The site is bordered by Far End, a detached house, to the south, the gardens of houses on Courtney Avenue to the west and Highgate Golf Course to the north, which is a member’s only club. The surrounding area is predominantly residential in nature comprising mainly of large detached houses with generous gardens in a mixture of architectural styles, typically 2 to 3 storeys in height.

The site sits within Highgate Conservation Area (the Bishops Sub Area). It is not located near to any statutorily listed buildings.

TransportThe site benefits from close proximity to numerous bus stops along Hampstead Lane with a range of services providing links across London.

Highgate Underground Station (Northern Line) lies c.1.2 miles to the east and Golders Green Underground Station (Northern Line) sits c.1.7 miles to the west. Hampstead Heath Rail and Overground Station is situated c.1.5 miles to the south.

The A1 is a 6 minute drive to the north providing access to the M1 and beyond.

“Highgate is a suburban area of north London at the north-eastern corner of Hampstead Heath.”

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Oxford

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Kingston-upon-Thames

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AltonGodalming

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Midhurst

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WokingEpsom

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Didcot

Abingdon

Bicester

Aylesbury

Luton

Hemel HempsteadSt Albans

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WatfordHigh Wycombe

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Dorking

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Reigate

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Crown Copyright 2019. All rights reserved. Licence number 100022432. Plotted Scale -1 :1250

Highgate Underground Station

1.2 milesGolders Green Underground Station

1.7 milesHampstead Heath Station

1.5 milesA16 mins

Page 5: Nice Place, 16 Compton Avenue, London N6 · 2021. 2. 17. · The opportunity. Nice Place, 16 Compton Avenue, London N6 • Freehold development opportunity located close to Hampstead

DescriptionThe site extends to approximately c.0.89 acres (0.36 hectares) and occupies a quiet position at the end of a private cul-de-sac.

It currently comprises a large detached house extending to 11,840 sq ft (1,100 sq m) with 17 bedrooms and 24 habitable rooms plus ancillary facilities. There is a large garden to the rear containing 5 outbuildings. The largest of these is a single storey building that originally contained a swimming pool but has since been turned into ancillary accommodation.

The existing buildings are in extremely poor condition and are currently uninhabitable. The property has been vacant since January 2010.

Rear of existing building from the garden

Front of existing building from Compton Avenue

Existing outbuildings in rear garden

Page 6: Nice Place, 16 Compton Avenue, London N6 · 2021. 2. 17. · The opportunity. Nice Place, 16 Compton Avenue, London N6 • Freehold development opportunity located close to Hampstead

Planning The site was granted full planning permission in September 2014 (Ref HGY/2014/1901) for ‘Demolition of Nice Place including garden pavilion and other out buildings and erection of replacement dwelling with a basement and two new garden pavilions with associated hard and soft landscaping works.’

A Certificate of Lawfulness dated August 2017 (Ref HGY/2017/2442) confirms that the planning permission was implemented by way of an area of piling to 1 metre in depth being filled and left ready for piling contractors. Furthermore, all of the relevant pre-commencement conditions were discharged during 2017.

This planning permission was an amendment to a previous planning application (Ref HGY/2011/1037) which included both Nice Place and the adjacent property, Far End, as a single development plot.

Consented scheme The permitted scheme will replace the poor quality existing buildings with an exceptional new 6 bed house with extensive living space and an artist studio pavilion in the garden to the rear. The footprint of the existing building will be extended and additional accommodation created within the roof space. A new single storey basement extension will provide staff accommodation, car parking and leisure facilities including a cinema, gym and swimming pool.

There will be car parking for 3 vehicles at the front of the house on the proposed driveway as well as underground parking for 4 vehicles in the proposed basement accessed via a car lift.

Floor House (GIA) sq m sq ft

Studio Pavilion (GIA) sq m sq ft

Basement 820.9 8,836 - -

Ground 338.6 3,645 127.3 1,370

First 303.8 3,270 - -

Second 219.3 2,361 - -

Total 1,682.6 18,111 127.3 1,370

We understand that none of the trees on the site are subject to a Tree Preservation Order (TPO). However, there are a number of trees and root protection areas that the planning permission takes into account.

The development has been sensitively designed around the concept of the ‘Rural Villa’ that defines the surrounding area in order to make a positive contribution to the Highgate Conservation Area.

Permitted scheme accommodation schedule.

Proposed South Elevation

Page 7: Nice Place, 16 Compton Avenue, London N6 · 2021. 2. 17. · The opportunity. Nice Place, 16 Compton Avenue, London N6 • Freehold development opportunity located close to Hampstead

Consented floor plans

June 2014

lightwell

lightwell

lightwell

P12

PP12 PLANNING SUBMISSION 16 / 06 / 2014

3235

0 m

m IN

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AL

Lower Ground Floor Plan

June 2014

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201120112011201120112011Date

PP7 PLANNING SUBMISSION 16 / 06 / 2014

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8 m

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17647 mm ROOF

17647 mm ROOF

Ground Floor Plan

Roof Plan

June 2014

P7

201120112011201120112011Date

PP7 PLANNING SUBMISSION 16 / 06 / 2014

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June 2014

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201120112011201120112011Date

PP7 PLANNING SUBMISSION 16 / 06 / 2014

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Second Floor Plan

June 2014

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201120112011201120112011Date

PP7 PLANNING SUBMISSION 16 / 06 / 2014

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First Floor Plan

Page 8: Nice Place, 16 Compton Avenue, London N6 · 2021. 2. 17. · The opportunity. Nice Place, 16 Compton Avenue, London N6 • Freehold development opportunity located close to Hampstead

Enhanced schemeThe vendor submitted a planning application for an enhanced scheme in May 2020. The key alterations include increased width, depth and height of the proposed building as well as the creation of a second basement.

Prior to the application, the vendor attended two pre-application meetings with the Council who verbally agreed to these amendments in principle. The only topic of debate was the design of the proposed portico at the front of the building.

The enhanced scheme would provide an additional 13,326 sq ft of accommodation, of which 2,748 sq ft would be at ground floor level or above.

Enhanced scheme floor plans

Proposed section of enhanced scheme

Proposed lower ground 2

Proposed lower ground 1

Enhanced scheme accommodation schedule Floor House (GIA)

sq m sq ftStudio Pavilion (GIA)

sq m sq ft

Second 269.8 2,904 - -

First 350.3 3,771 - -

Ground 496.9 5,349 127.3 1,370

Lower Ground -1 881.4 9,487 - -

Lower Ground -2 922.2 9,926 - -

Total 2,920.6 31,437 127.3 1,370

Page 9: Nice Place, 16 Compton Avenue, London N6 · 2021. 2. 17. · The opportunity. Nice Place, 16 Compton Avenue, London N6 • Freehold development opportunity located close to Hampstead

Proposed ground floor Proposed first floor Proposed second floor

Proposed site plan of enhanced scheme

KeyExisting Buildings / Structures Shown To Be Demolished In Previously Approved Application(s)

Trees To Be Retained & Protected As Agreed In Previously Approved Application(s) Ref: HGY/2014/1901 & HGY/2017/1616

Normative Root Protection Areas

Page 10: Nice Place, 16 Compton Avenue, London N6 · 2021. 2. 17. · The opportunity. Nice Place, 16 Compton Avenue, London N6 • Freehold development opportunity located close to Hampstead

Design conceptThe design concepts for both the consented scheme and the enhanced proposed scheme are envisaged to be of exceptional quality resulting in the creation of luxury residential accommodation.

The adjacent images are indicative of the standard of the proposed specification.

Page 11: Nice Place, 16 Compton Avenue, London N6 · 2021. 2. 17. · The opportunity. Nice Place, 16 Compton Avenue, London N6 • Freehold development opportunity located close to Hampstead

Legal title and tenureThe property is held freehold. All pertinent information is available on the dedicated website. The property is sold subject to and/or with the benefit of any rights of way, easements or restrictions, which may exist, whether or not mentioned in these particulars.

ServicesIt is our understanding that mains, water, electricity, gas and drainage are provided. However, it is the responsibility of the purchaser to ensure that services are available and adequate for the proposed development.

ViewingsInspections must be arranged strictly through prior appointment. Prospective purchasers should be aware that inspections are made entirely at their own risk and no liability is accepted by the vendor or their agent.

VATWe understand that the property has not been elected for VAT.

Method of saleThe property is for sale by private treaty via informal tender.

Further information For further information please visit our dedicated website:

https://www.land.knightfrank.com/view/NicePlace

Password – Compton (case sensitive).

Debt advisoryKnight Frank’s Debt Advisory team advises those seeking to obtain real estate finance for developments or acquisitions. The team is on hand to guide and support clients throughout the financing process to make it simpler and faster to secure optimal lending terms.

For more information, please contact Lisa Attenborough, [email protected] 020 3909 6846

Red line is indicative only

Barrier controlled entrance to Compton Avenue

Page 12: Nice Place, 16 Compton Avenue, London N6 · 2021. 2. 17. · The opportunity. Nice Place, 16 Compton Avenue, London N6 • Freehold development opportunity located close to Hampstead

Contact us.James Simpson Partner, Head of St John’s Wood Office 020 7483 8346 [email protected]

Craig Draper Partner, Head of Hampstead Office 020 7317 7955 [email protected]

Katherine Harris Associate, Development 020 7861 5248 [email protected]

Anthony Kazan Partner, Development 020 7861 1286 [email protected]

knightfrank.co.uk Connecting people & property, perfectly.

Fixtures and Fittings: A list of the fitted carpets, curtains, light fittings and other items fixed to the property which are included in the sale (or may be available by separate negotiation) will be provided by the Seller’s Solicitors. Important Notice: 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos, Videos etc: The photographs, property videos and virtual viewings etc. show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT: The VAT position relating to the property may change without notice. 5. To find out how we process Personal Data, please refer to our Group Privacy Statement and other notices at https://www.knightfrank.com/legals/privacy-statement.Particulars dated June 2020. Photographs dated December 2019.

Knight Frank is the trading name of Knight Frank LLP. Knight Frank LLP is a limited liability partnership registered in England and Wales with registered number OC305934. Our registered office is at 55 Baker Street, London W1U 8AN where you may look at a list of members’ names. If we use the term ‘partner’ when referring to one of our representatives, that person will either be a member, employee, worker or consultant of Knight Frank LLP and not a partner in a partnership. If you do not want us to contact you further about our services then please contact us by either calling 020 3544 0692, email to [email protected] or post to our UK Residential Marketing Manager at our registered office (above) providing your name and address.

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