Auction House London

Lot 53

Commercial Property - Commercial Property 

Unit C

Athelstane Mews, Finsbury Park, London, N4 3EH

Unsold, but is still available

A Two Storey Light Industrial Unit with Potential for Change of Use to Residential by way of Prior Approval (under Permitted Development Rights) also Plans have been drawn up for 3 x One Bedroom Flats and 1 x Two Bedroom Flat

Description

A mid-terrace terrace light industrial two-storey unit (B1(c)) use class

Tenure

Freehold

Location

Located in the heart of Finsbury Park on a residential road close to local shop and amenities. The open space of Finsbury Park is opposite. Transport links are provided by Finsbury Park overground station.

Accommodation

Ground Floor
90 sq m/969 sq ft

First Floor
100 sq m/1,076 sq ft

Total G.I.A 190 sq m/2,045 sq ft

Proposed Accommodation

Proposed Residential Scheme (not submitted or consented)
Ground Floor
One Bed Flat (42 sq m/452 sq ft)
One Bed Flat (38 sq m/409 sq ft)

First Floor
One Bed Flat (50 sq m/538 sq ft)
Two Bed Flat (53 sq m/570 sq ft)

Tenancy

The property is subject to 2 x Informal Tenancies at a combined rent of £1,516.67 per calendar month.

Current Rent Reserved

Current Combined Rent Reserved £18,200 per annum (equivalent)

Note

The property is not connected to mains water and drainage services. All interested parties are deemed to have made their own enquiries in this regard and to bid accordingly.

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.

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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Enquire about Unit C, Athelstane Mews, Finsbury Park, London, N4 3EH

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