For Sale By Auction | 12:00, 07 November 2016 | Lot 5

29 Chapel Market, Islington, London, N1 9EN

Sold After

  • Commercial Development
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

Auction Date

Mon 07/11/2016

Auction Time

12:00

Auction Venue

The Ballroom, Landmark Hotel, 222 Marylebone Road, Marylebone, London, NW1 6JQ

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.

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).

Overflow

Proposed Accommodation Ground Floor Shop Area First, Second & Third Floors Three Bedroom Self-Contained Flat

Planning

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

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.