Intec House, Barnet, London, EN5 5TS

Substantial site with significant development potential sold unconditionally

Key Information

Location

Barnet, London, EN5

Planning Status

Unconditional

Price

POA

Description

Development Opportunity

Overview

GLPG were instructed by an off-shore trust to dispose of a substantial mixed-use building with significant re-development potential.

Following a discreet marketing process, contracts were exchanged & completion took place on an unconditional basis.

The site is located immediately off High Street, Barnet and is within walking distance to High Barnet Underground Station.

The purchaser plans to bring forward a mixed-use scheme comprising c. 100 brand-new apartments & commercial space with an estimated GDV in the region of £50 million, subject to obtaining all necessary consents.

To learn more about working with GLPG and to discuss your ongoing buying, selling & funding requirements, please get in touch with a member of our team.

Investment Summary

  • Substantial building located off Barnet High Street
  • Potential for a significant mixed-use scheme comprising 100 apartments & commercial space, subject to obtaining all necessary consents
  • The existing building comprises offices & warehousing space let to a mix of short-term tenants
  • Sold by GLPG on behalf of a Trust on an unconditional basis

Our Client

Off-Shore Trust

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