Description
We are instructed as Sole Agents for the disposal of 47 The Bishops Avenue, which is a prominent 0.95acre (0.39hectare) freehold site, located in the most prestigious part of this internationally renowned tree-lined
avenue, on the left- hand corner of Bishops Grove and The Bishops Avenue.
The existing house has been substantially altered and extended over the years and is 13,692ft² (1,232m²).
Clearly the property could be refurbished to restore it to its former glory, as a substantial mansion, however we believe that the majority of interest will be in obtaining planning consent from the London Borough of Barnet for full demolition and redevelopment to provide the following;
a) To develop a brand-new super mansion of circa 25,000ft² plus, on 4 floors, with Indoor Pool etc.,
b) Two large mansions side-by-side, with Indoor Pool and Leisure, set inapproximately half an acre each
c) A new development of luxury apartments with Indoor Pool facilitiesetc.
Key Features
- 0.95acre (0.39hectare) freehold site
- EXSISTING HOUSE APPROX 13,000 SQ FT
- REDEVELOPMENT OPPORTUNITY
VIEW PAYABLE STAMP DUTY
£9,875,000 £1,113,750
Effective Rate: 11.3%
| Tax Band | % | Taxable Sum | Tax |
| £0 - £125,000 | 0% | £125,000 | £0 |
| £125,001 - £250,000 | 2% | £125,000 | £2,500 |
| £250,001 - £925,000 | 5% | £675,000 | £33,750 |
| £925,001 - £1,500,000 | 10% | £575,000 | £57,500 |
| £1,500,001 + | 12% | £8,500,000 | £1,020,000 |
| Tax Band | % |
| £0 - £125,000 | 0% |
| £125,001 - £250,000 | 2% |
| £250,001 - £925,000 | 5% |
| £925,001 - £1,500,000 | 10% |
| £1,500,001 + | 12% |
| Taxable Sum | Tax |
| £125,000 | £0 |
| £125,000 | £2,500 |
| £675,000 | £33,750 |
| £575,000 | £57,500 |
| £8,500,000 | £1,020,000 |
Interested in similar properties?
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