Auction House London

Lot 11

 

Land at Golding Street

Shadwell, London, E1 1QH

Unsold, the last bid was £970,000. Please refer to Auctioneer for Reserve.

A Residential Development Opportunity Comprising a Vacant Cleared Site Offered with Planning Permission to Erect Six Flats (5 x 2 Beds & 1 x 3 Beds).

Description

Tenure

Freehold

Location

The site is situated on Golding Street in the popular East London area of Shadwell a short walk from the shops and restaurants of Commercial Road. Transport links are provided Shadwell DLR and Shadwell rail station.

VAT

VAT is not applicable

Planning (2nd Column)

Tower Hamlets Council granted the following planning permission on 7th April 2014 "Erection of a 6 storey building comprising five x two bedroom flats and one x three bedroom flat."

Note (3rd Column)

We understand there may be potential to achieve additional storeys to the current scheme in order to increase the number of residential units, subject to obtaining the necessary consents.

The approved application is not subject to a Section 106 Agreement, however the purchaser will be liable for a Community Infrastructure Levy (CIL) to the sum of £16,611.

Viewing Details

Open Site

Proposed Accommodation

Property Floor Proposed Accommodation
Unit 1 Ground & Basement 3 Bedroom Flat (1,221 sq ft)
Unit 2 First 2 Bedroom Flat (534 sq ft)
Unit 3 Second 2 Bedroom Flat (534 sq ft)
Unit 4 Third 2 Bedroom Flat (534 sq ft)
Unit 5 Fourth 2 Bedroom Flat (534 sq ft)
Unit 6 Fifth 2 Bedroom Flat (534 sq ft)

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their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction.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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