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Withdrawn | Lot 33

Flat 4, 3-4 Mallow Street, Old Street, London, EC1Y 8RQ

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Withdrawn

  • Flat
  • 2 Bedrooms
  • Tenure: Share of Freehold

Call the team on 020 7625 9007 for more information

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Auction Date

Tue 31/10/2017

Auction Time

12:00

Auction Venue

London Marriott Hotel Regents Park, 128 King Henry’s Road, London, NW3 3ST

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A Well Located Third Floor Two Bedroom Loft Style Penthouse Flat Let on a Periodic Tenancy Producing £57,199.92 per annum. Potential to Extend with Lapsed Planning For a Roof Top Development (subject to obtaining all relevant consents).

The property comprises a third floor two bedroom flat situated within a converted Victorian warehouse arranged over ground and three upper floors.

Tenure

Share of Freehold

8 Week Completion Available

Location

The property is situated in the popular Central London area of Shoreditch close to local shops and amenities. The open spaces of Bunhill Playing Fields are within easy reach. Transport links are provided by both Old Street underground station (Northern line) and rail station.

Overflow

Existing Accommodation Third Floor Reception Room & Open Plan Kitchen Master Bedroom with En-Suite Bathroom Separate WC & wash basin Mezzanine Floor Further Bedroom

Tenancy

The property is subject to a Periodic Tenancy on a rolling 2 months contract at a rent of £4,766.66 per calendar month.

We have been advised by the vendor that they have prepared two concept schemes for the development and that these will be provided within the legal pack.

Current Rent Reserved £57,199.92 per annum

Planning

Islington Borough Council granted the following planning permission (with conditions) (Ref: P121896) on 18th October 2012 [Lapsed]: 'Replacement of existing pitched roof with new mansard roof; associated alterations'.

Viewing Details

Open House Viewings: Friday 13th October 14:45-15:15 Tuesday 17th October 10:30-11:00 Friday 20th October 14:45-15:15 Saturday 21st October 11:15-11:45 Tuesday 24th October 10:30-11:00 Friday 27th October 14:45-15:15 Saturday 28th October 11:15-11:45

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.

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Price Information

*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.

Additional Fees Information

Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.