Auction House London

Lot 5

Commercial Development - Commercial Property 

29 Chapel Market

Islington, London, N1 9EN

Sold after auction for an undisclosed amount

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

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.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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