Lot 5
    Commercial Development
    29 Chapel Market
    Islington, London, N1 9EN
    Sold after auction for an undisclosed amount
     
    Number 1
    A Vacant Mixed Use Building Offered with Planning Permission for Change of Use to the Upper Parts and the Creation of a Mansard Roof Extension to Create a Thee Bedroom Maisonette Above the Retail Unit to the Ground Floor.

    Description

    The property comprises a three storey mid terrace building arranged over ground and two upper floors offered in shell condition. In addition to the existing planning permission, we understand that there is further development potential to add another studio unit to the rear of the property or other potential redevelopment schemes (subject to obtaining all relevant consents). Existing Accommodation Ground Floor Shop Area First & Second Floors Ancillary Accommodation

    Tenure

    Freehold

    Location

    The property is situated in the North London area of Islington occupying a prominent position on the Chapel Market. Nearby multiples include the N1 Centre, Waitrose, M & S and numerous established local traders. Transport links are provided by Angel underground station (Northern Line).

    EPC Rating

    D

    Overflow

    Proposed Accommodation
    Ground Floor
    Shop Area

    First, Second & Third Floors
    Three Bedroom Self-Contained Flat

    Planning (2nd Column)

    Islington Council granted the following planning permission (Ref: P2016/3001/FUL) in October 2016:
    'Change of use of first and second floor levels from ancillary A1 storage to residential use and erection of a mansard roof extension to third floor level to create 1 x 3 bedroom residential flat, creation of rear roof terrace and associated balustrades. Creation of new self-contained entrance to rear elevation. Internal refurbishment of shop and new shopfront.'

    Viewing Details

    Monday 24th October 10:30-11:00
    Wednesday 26th October 16:00-16:30
    Friday 28th October 12:30-13:00
    Monday 31st October 10:30-11:00
    Wednesday 2nd November 16:00-16:30
    Friday 4th November 12:30-13:00

    Addendum

    Sold after auction
    For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on
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    Additional Fees and Disclaimer

    Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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