Barnet Council has agreed to sell the freehold of the former Herbert Wilmot Centre and the Stanley Road playing fields to the Archer Academy for a new free school.
The non-denominational secondary free school will teach its first 150 pupils at the Hampstead Garden Institute. However, they need an alternative site to accomodate the school they plan.
Council officers had recommended the sale of the freehold of the site. The plans for the new buildings are yet to be approved.
Mick Quigley, the Archer Academy’s Headteacher, said: “This partnership between Sport East Finchley and The Archer Academy offers a wonderful opportunity for our pupils and the community at large.
“I look forward to working closely with the council and local residents as we develop the site for our new pupils and future use for first class sporting facilities for years to come.”
Councillor Andrew Harper, Cabinet Member for Education, Children and Families, added: “This is a win win situation for the borough and Archer Academy. The Archer Academy will be offering us places in a part of the borough where there is a shortage of community secondary school places. It is also a win for local residents and the borough as a whole.”