Block of flats for sale in London N7, 8 Bedroom

Lot 84 - This lot is for sale by auction as lot 84 on Thursday 14th February 2019.

A Freehold End of Terrace Building

- Internally arranged to provide a Lower Ground and Ground Floor Retail Unit together with an Eight Bedroom hmo over First and Second Floors
- Retail Unit subject to a Long Lease. Each Bedroom subject to an Assured Shorthold Tenancy
- hmo extending to (gia) Approximately 265 sq m (2,847 sq ft)
- Lapsed Planning Permission to provide Additional Accommodation
- Total Current Rent Reserved

£55,800 per annum (equivalent) with two rooms vacant

Tenure
Freehold.

Location
The property is located at the junction of Holloway Road (A1) and Seven Sisters Road (A503), in the heart of Holloway. A wide selection of shops, including Marks & Spencer and Waitrose, is readily available together with a good range of independent shops and restaurants. Holloway Road Underground Station (Piccadilly Line) is close by together with London Metropolitan University, City and Islington College and the Emirates Stadium. The open spaces of Highbury Fields and Finsbury Park are within reach.

Description
The property comprises an end of terrace building arranged over lower ground, ground and two upper floors. The building is internally arranged to provide a retail unit over lower ground and ground floors and an eight bedroom hmo with reception room, two kitchens, three shower rooms and two WCs over the first and second floors.

Accommodation and Tenancies
A schedule of Accommodation and Tenancies is set out below. We are informed the property has recently been refurbished. Internal photographs and floor plans supplied by the Vendor are available to view online.

Planning
Local Planning Authority: Islington Council.Tel: Email: Planning@islington.Gov.UkThe property previously benefitted from planning permission (Ref: P3012/3246/ful) dated 6th September 2013 for ‘erection of roof extension and infill extension to first floor to provide additional accommodation in association with existing house in multiple occupation’. This planning has now lapsed.

To View
Please contact Allsop by sending an email to tom.Wright@allsop.Co.Uk with the subject heading ‘Viewing – Lot 84’.

Seller’s Solicitor
Messrs Bude Nathan Iwanier (Ref: Booky Dubiner). Tel: Email: Bd@bnilaw.Co.Uk

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'tba', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at: Please check regularly for updates. Lots may be sold or withdrawn prior to auction.