Astrale House | 13 Nether St
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Astrale House 13 Nether St
40 Unit Dormitory £5,250,000 (£131,250/Unit) London N12 7NN
Investment Highlights
- An opportunity to acquire the freehold interest in a high-yielding property.
- The site presents a variety of development opportunities subject to consents.
- The asset is subject to a 5-year lease, at a rent of £500,000 pa.
Executive Summary
Savills and Jeremy Leaf & Co are appointed as joint selling agents in the disposal of Astrale House in North Finchley.
Astrale House is configured to provide 40 ensuite bedrooms, a kitchen, staff room and office space across two floors, in which the first floor is served by a staircase and lift, providing a total floor area of 11,162 sqft / 1,037 sqm of accommodation (GIA). The property also benefits from a large south facing garden to the rear and carriage driveway to the front, providing off-street parking. The property is currently used as a sheltered accommodation (C2 use), and is subject to a 5-year lease, from February 2024.
Astrale House is configured to provide 40 ensuite bedrooms, a kitchen, staff room and office space across two floors, in which the first floor is served by a staircase and lift, providing a total floor area of 11,162 sqft / 1,037 sqm of accommodation (GIA). The property also benefits from a large south facing garden to the rear and carriage driveway to the front, providing off-street parking. The property is currently used as a sheltered accommodation (C2 use), and is subject to a 5-year lease, from February 2024.
Property Facts
| Price | £5,250,000 | Apartment Style | Low Rise |
| Price Per Unit | £131,250 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Tenure | Freehold | Building Size | 11,162 SF |
| No. Units | 40 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1900 |
| Property Subtype | Dormitory | Parking Ratio | 0.62/1,000 SF |
| Price | £5,250,000 |
| Price Per Unit | £131,250 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Units | 40 |
| Property Type | Residential |
| Property Subtype | Dormitory |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.43 AC |
| Building Size | 11,162 SF |
| Number of Floors | 2 |
| Year Built | 1900 |
| Parking Ratio | 0.62/1,000 SF |
Unit Amenities
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | - |
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Astrale House | 13 Nether St
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