Dominvs Group has acquired the freehold interest in The Fox Public House, Palmers Green, London, to add to its UK residential development portfolio.
Planning permission was granted in June 2018 for a five-storey residential-led development of 54 one & two-bedroom apartments, along with 38 parking spaces and associated amenity area. The planning permission includes the retention and refurbishment of the existing public house and one commercial unit on the ground floor, which has been pre-let to PureGym.
The site is located within a predominantly residential area in Palmers Green, just a 5-minute walk to the train station which provides a 20-minute direct link into Central London. The apartments will also benefit from being a stone’s throw away from the high street, with both independent stores and restaurants, alongside the likes of Sainsbury’s Local, Morrisons, Costa Coffee and Little Waitrose.
Husnell Ahluwalia, Director of Dominvs Group, comments: “Palmers Green has become increasingly sought after by both individuals and families due to its leafy North-London feel, large parks and extensive local amenities.
“There is currently a lack of new build stock available in the local area. This development will be one of the first new build apartment schemes in the local area.”
Construction of the scheme is due to start in January 2019, with units available to occupy from July 2020.
Dominvs Group was unrepresented in the transaction. The vendor was advised by Knight Frank.