Belsize Park Investment Property Sold by RIB
We are delighted to announce the sale of 3 Belsize Crescent, NW3 in the heart of Belsize Park.
About the property
The name ‘Belsize’ originates from the French bel assis which means ‘well situated’. With Belsize Manor dating back to 1317, the area has retained this reputation for being well located for many centuries and is near Underground and national rail stations including Belsize Park, Finchley Road, Swiss Cottage, and South Hampstead.
The subject Belsize Park investment property is located on the southwest side of Belsize Crescent close to the cluster of shops and restaurants in the pedestrianised Belsize Village. The surrounding area includes a mixture of high end residential property with some offices and local boutique shops and restaurants. The property was sold with the benefit of vacant possession, making the property perfect for an owner occupier or someone looking to add value to the property through redevelopment.
The subject Belsize Crescent property consists of a freehold building arranged on lower ground, ground, first, and second floors. The second floor had C3 residential use and the other floors had B1 office use. Additionally, planning permission has been granted for a mansard roof extension and change of use of the ground and first floors to C3 residential use. This will provide an additional two self-contained flats. Totalling 1,894 square feet (NIA) the property was highly sought after with a number of serious enquiries.
Speaking to Board Director Damien Field, he stated “We were delighted to have sold this freehold property located in the heart of Belsize Park. Due to the property being available with vacant possession – a relative rarity – we found that there was significant interest. With the property being perfect for both owner occupiers and developers, we had serious interest from a number of parties as we worked to secure the best possible deal on behalf of our client. We are always on the lookout for similar properties, both from a sales and from an acquisitions perspective with a large market for properties which investors can add value to.”
Do not hesitate to contact a member of our Commercial Sales Team if you are looking to sell your property in Belsize Park or anywhere else in the UK: